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REALTORS®, homebuilders Agree: Arbitrarily high down payments will hurt economy

Friday, March 18, 2011

REALTORS®, Homebuilders, consumer groups urge federal regulators to avoid arbitrarily high mortgage down payments, which would hurt the economy by unfairly and unnecessarily closing the door to home ownership for many middle-class families.http://qa.crl.w.lmdagency.net/research-publication/joint-letter-regulators-1

For more information: Kathleen Day at (202) 349-1871 or kathleen.day@responsiblelending.org; Ginna Green at (510) 379-5513 or ginna.green@responsiblelending.org; or Charlene Crowell at (919) 313-8523 or charlene.crowell@responsiblelending.org.