More Support for FHA
First it was the home builders backing FHA modernization, and now it is the realtors. Earthtimes.org reports that the National Association of Realtors (NAR) is calling on Congress to punish predatory lenders and revamp FHA. Here’s a quote from NAR president Pat Combs about how forelosures affect a lot more than the individual homeowner:
“As we sit here today, my home state of Michigan has one of the highest foreclosure rates in America. I can tell you from personal experience that when families lose homes to foreclosure, our communities, the housing market and our local and national economies all suffer,” Pat V. Combs, NAR president, said before the Senate Subcommittee on Housing, Transportation and Community Development.
Combs and the entire associaton have the right idea. We need statements like this to continue to keep the momentum up.
