On Thursday, April 16, 2015 NAR President Chris Polychron testified before the U.S. Senate Banking, Housing and Urban Affairs Committee on the need for regulatory reform and increased access to credit.
2015 NAR President Chris Polychron testified along with Tom Woods (left) from the National Association of Homebuiders and J. David Motley (right) from the Mortgage Bankers Association.
“Since 2008, we’ve seen good-intentioned but over-corrective policies severely hamper the ability of millions of qualified buyers to purchase a home,” said Polychron in his opening statement. “We have yet to strike the right balance between regulation and opportunity.”
Polychron outlined solutions related to the Consumer Financial Protection Bureau, specialty markets, short sales and foreclosures, and lending policies.
You can read the full oral testimony here.