National Association of Realtors Argues Against Stricter Requirements For Homebuyers

Ilyce Glink reports on recommendations by the National Association of Realtors.  Among them:

2. Regulators should reduce the overcorrection in underwriting standards for mortgages from the Federal Housing Administration (FHA) and government-sponsored enterprises (also known as the GSEs)because the now-too-stringent standards are preventing qualified borrowers from getting loans.

Phipps said more regulations and legislation that tighten access to credit and affordable safe mortgages are not the solution to righting the housing market and economy.