NAR has run an ad in two prominent beltway papers, The Hill and Politico, to thank those in Congress who have actively opposed the 20% down payment rule. Virginia’s Gerry Connolly, Robert Hurt, James Moran, and Frank Wolf join the more than 200 Congressmen standing up for reasonable home mortgage standards. NAR’s 1.1 million members (29,000 of whom are Virginia REALTORS®) wholeheartedly thank them all for asking federal regulators to apply a fair and appropriate definition to Qualified Residential Mortgages (QRM).
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