Comments on: National Association of Realtors Asking FHA to Lower Lending Standards http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Doug Quance http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/comment-page-1/#comment-55135 Doug Quance Fri, 20 Jul 2007 01:29:37 +0000 http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/#comment-55135 I don't mind the NAR working to help bring home ownership to more people - and relaxing the FHA guidelines for only the bottom rung might not be the worst thing to happen. The problem with a good portion of the subprime market had to do with some rather large mortgages... putting people into some relatively expensive properties that the buyer would not be able to afford as the rates adjusted upward. That was a recipe for disaster. I don’t mind the NAR working to help bring home ownership to more people – and relaxing the FHA guidelines for only the bottom rung might not be the worst thing to happen.

The problem with a good portion of the subprime market had to do with some rather large mortgages… putting people into some relatively expensive properties that the buyer would not be able to afford as the rates adjusted upward.

That was a recipe for disaster.

]]> By: Sock Puppet http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/comment-page-1/#comment-55111 Sock Puppet Thu, 19 Jul 2007 22:38:32 +0000 http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/#comment-55111 Good grief. I'm starting to think the NAR is completely amoral. Good grief.

I’m starting to think the NAR is completely amoral.

]]> By: Good to Go Pile . . . « Trading for the Masses http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/comment-page-1/#comment-55097 Good to Go Pile . . . « Trading for the Masses Thu, 19 Jul 2007 21:30:21 +0000 http://www.therealestatebloggers.com/2007/07/19/national-association-of-realtors-asking-fha-to-lower-lending-standards/#comment-55097 [...] National Association of Realtors Asking FHA to Lower Lending Standards [...] [...] National Association of Realtors Asking FHA to Lower Lending Standards [...]

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