Realtors® to Regulators: Narrow QRM Definition Not Necessary to Assure Safe, Sound Mortgage Lending

Washington, DC – August 2, 2011 – (RealEstateRama) — A proposed rule by federal regulators to impose a minimum 20 percent down payment, stringent debt-to-income ratio requirements and rigid credit standards will deny millions of Americans access to safe, low-cost mortgages, according to the National Association of Realtors