Tuesday, November 18, 2008

Realtors want government to subsidize mortgages

The National Association of Realtors opposes any re-privatization of Fannie Mae and Freddie Mac. Instead, they effectively want Uncle Sam to continue its current subsidization of the housing market.
To insure that there is sufficient capital to support mortgage lending to qualified borrowers, the National Association of Realtors® has adopted principles that recommend continued government involvement in the secondary mortgage market. ...

“NAR believes that the federal government must continue to play a role in the mortgage markets to insure the continued flow of capital.”

1 comment:

  1. the term "qualified borrower" should itself be qualified whenever it's used by NAR, NAHB, et al.