Applaud Fed White Paper on Housing Crisis. Both the National Association of Home Builders (NAHB) and the National Association of Realtors (NAR) agree with a finding in a new Federal Reserve white paper that blames excessively restrictive lending standards for impeding a housing and economic recovery. The white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancings, and short sales to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry. Link to Jan. 4, 2012 Fed report: Both the NAHB and the NAR have long called for such an approach to help spur the housing market recovery. “...NAR knows that a strong housing market recovery is key to the nation’s future economic strength,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami.
Friday Facts—Making Homes Affordable | Barack Obama. Federal Housing Finance Agency - Meet the Director. Federal Housing Finance Agency - Home. FHA Home Loans.