Private, Public Sector Construction Activity Continue on Opposite Tracks as Private Activity is Up 11.5 Percent for the Year While Public Activity Declined 3.2 Percent Since March 2011 Amid Tight Budgets, End of Stimulus

WASHINGTON, DC – May 3, 2012 – (RealEstateRama) — In a letter today, ABA along with the entire industry of mortgage lenders and real estate service providers reiterated our unified position that the CFPB’s Qualified Mortgage rule must include a legal safe harbor with clear standards in order to preserve sustainable mortgage credit.