Tell Congress: 20% Down Payments Put the American Dream Out of Reach

Posted on May 18, 2011 by Debby Frank

Could your clients afford a 20% down payment? Could you? Can you envision what your prospective client pool will look like if new regulations governing Qualified Residential Mortgages (QRM) take effect this year?

I just took action to ask Congress to help us get this proposed regulation changed. This QRM issue is very important to keeping the dream of home ownership alive in America and keeping our already struggling markets on the path to recovery.

I urge you to add your voice by sending this letters to your Senators and Representative today.

To take action on this issue, click on the link below:
http://www2.realtoractioncenter.com/site/Advocacy?s_oo=J200GDCxeq1rCwNHNlSUOA..&id=1565

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1 Response to Tell Congress: 20% Down Payments Put the American Dream Out of Reach

  1. Rich Cederberg says:
    May 19, 2011 at 6:20 pm

    This would definitely eliminate the possibility for many young first time buyers and many families with children. Thanks for posting.

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