Qualified Residential Mortgage
On July 13, NAR launched a consumer CFA to six million current or future home owners asking them to support the REALTOR® opposition to a proposed federal regulation that would require a 20% down payment on a purchase of a home. Consumers can visit www.homeowneractioncenter.com to get important background on the regulation, use a calculator to determine how much money they would need for a 20% down payment on a loan, learn about our coalition efforts with the Coalition for Sensible Housing Policy, and allow them to send a letter of their own in opposition to the proposed regulation. Also included is an e-card that can facilitate REALTORS® sharing the consumer CFA with clients, friends, neighbors and other interested parties.
Please have a look, feel free to take action, and ask everyone you know to participate too. NAR believes that engaging voters in critical home ownership issues at the federal level is giving consumers the knowledge and capacity to make a difference for their future, because HOME OWNERSHIP MATTERS.
The CFA will remain live until August 1. If you need more information on the QRM issue, please visit REALTOR.org: http://www.realtor.org/topics/qrm
With our 1,000+ member organization, our primary goals are to serve the REALTOR®, the community and you, through education, involvement and property rights protection.
Wednesday, July 20, 2011
Real Estate Alert! - Required 20% Down Payment
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