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Credit Policy

Tight credit is delaying the recovery of the housing market and the economy as a whole. The importance of reasonable underwriting policies is necessary to increase the availability of credit to qualified borrowers who are good credit risks.

May 22, 2015
On May 21, 2015, the U.S. Senate Banking Committee held a "mark-up" to debate and vote on the "Financial Regulatory Improvement Act of 2015," legislation aimed at removing some regulatory barriers that are currently restricting credit availability for many Americans.
April 28, 2015
The spring selling season reaches an 18-month high in March. Other stories: NAR urges the Senate to act on mortgage credit, and Sec. 502 direct loans.
April 24, 2015
On April 21, 2015, FICO announced that millions of consumers will now be able to receive FICO credit scores and credit reports.
April 21, 2015
Top economists gather at NAR to discuss housing market.
April 17, 2015
U.S. Senate Banking Committee held a hearing entitled, “Regulatory Burdens to Obtaining Mortgage Credit.” Chris Polychron, 2015 NAR President and executive broker with 1st Choice Realty in Hot Springs, AR, testified on behalf of NAR.