Government regulations could impede housing recovery

On the threshold of a housing recovery, the government and it's regulations may actually be responsible for  putting on the brakes.
 
As a part of the Dodd-Frank Act that was passed in 2010, lenders can be exempt from risk reduction retention required securities if borrowers meet the guidelines of QRM (Qualified Residential Mortgage).  Unfortunately, one of the guidelines is that borrowers have 20% downpayment.  Over 69% of all loans in 2010 had less than 20% down.  Having more down does not necessarily equate that buyers will be less likely to default, but it will mean that less buyers will be able to buy.

Please be vocal in talking to your Congressional Representatives in getting this changed so that we can continue to move forward and NOT backward with the housing recovery.