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.
NAR applauds the Federal Deposit Insurance Corporation for finalizing the Qualified Residential Mortgage rule today.
Credit Scoring Resources
Federal Reserve Webinar: Addressing the Credit Impacts of Foreclosure
Frequently Asked Questions: FICO Score (PDF: 289 KB)