Sentences with phrase «making qualified residential mortgages»

Not exact matches

«Despite the economic setbacks Americans have experienced in today's current climate, it is clear that a strong majority still believe in home ownership and aspire to own a home,» said NAR President Ron Phipps, broker - president of Phipps Realty in Warwick, R.I. «However, achieving the dream of home ownership will become increasingly difficult for buyers if they are required to make a 20 percent down payment, which may be a reality for many of tomorrow's buyers if a proposed Qualified Residential Mortgage rule is adopted.

Our experience and hours of study as Certified Residential Real Estate Appraisers make us qualified to provide home valuations in Chittenden, Franklin, Lamoille, Grand Isle and parts of Addison Counties for clients ranging from national mortgage companies to local lenders or individual businesses and consumers.

In a letter in December to the six banking regulators, NAR President Ron Phipps said defining a qualified residential mortgage as something more than what's required by the secondary mortgage market entities and government backers would make financing, already too hard to get for even creditworthy borrowers, too costly.