This is to alert you of an upcoming action. NAR will be launching an all member Call for Action (CFA) on Wednesday, May 18, 2011. The CFA urges our members to write their Representative and their Senators to oppose the proposed 20% down payment requirement (QRM) for home buyers. Members of Congress will be urged to sign a house or Senate letter that urges regulators to drop the proposal.
QRM was widely discussed at the recent MYM and information on the QRM may be found at this link(http://www.realtor.org/topics/qrm).
Brokers in NAR’s Broker Involvement Program will be utilized in this CFA.
