SOURCE: Mortgage News Feed
In testimony before Congress, the National Association of Realtors blamed unnecessary federal regulations for preventing first time home buyers from entering the current real estate market. “Realtors support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far,” NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., said.
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