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Statement from Home Builders on Re-Proposed Credit Risk Retention Rule

WASHINGTON, D.C. – August 29, 2013 – (RealEstateRama) — National Association of Home Builders Chairman Rick Judson released the following statement regarding the FDIC’s release of the re-proposed credit risk retention rule:

The National Association of Home Builders is pleased that the federal regulators have revised the proposed credit risk retention rule, which includes the definition of a qualified residential mortgage (QRM). This proposed, updated rule is a positive step toward ensuring that credit-worthy home buyers have a better chance at securing affordable mortgage loans. Giving more families opportunities to pursue the American Dream is not only the right thing to do, it’s also the critical boost the economy needs to keep this recovery on track.