One week of new lending rules and Realtors are watching

When banks aren’t approving mortgage loans and would-be homebuyers are denied access to credit, Realtors are among the first to know about it. In 2010, when cash-only sales and investors dominated the housing market because even buyers with superb credit histories and minimum down payments couldn’t qualify for mortgages, it was the Realtors who called on policy makers to take steps to loosen the tight credit environment. …read more