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Let Rural Housing Service Provide Direct Endorsement Authority to Lenders, Say Realtors®

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WASHINGTON (May 19, 2015) — The following is a statement by National Association of Realtors® President Chris Polychron in support of the Rural Housing Service and today’s testimony from RHS Administrator Tony Hernandez before the U.S. House Financial Services Subcommittee on Housing and Insurance:

“Today, every Rural Housing Service loan must be approved by RHS staff. In recent years, RHS staffing has been dramatically reduced, and borrowers have experienced significant delays in loan approval.

“Both the Veterans Affairs loan guaranty and the… Read More

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