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Realtors® Call for Legislative Changes to New Rules Limiting Affordable Borrowing Options

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WASHINGTON (June 18, 2013) – Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors® today in testimony before the House Financial Services Committee.

NAR President Gary Thomas implored Congress to revisit the definition of fees and points applied to affiliated mortgage lenders… Read More

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