Perhaps the latest mortgage skeptic will quiet folks.Even the National Association of Realtors.
The National Association of Realtors - real estate's top cheerleader - now says there's a mortgage problem.
Yes, the trade group for your friendly "There's never been a better time to buy" Realtor raised the warning flag.
Last week, an unusual duo - the Realtor group and the Center for Responsible Lending - issued a formal alarm about loan risks. It's a rarity to see a pro-business group like the Realtors cozying up with consumer activists such as CRL.
Tuesday, August 23, 2005
Latest loan skeptic a shock
Johnathan Lansner has some real news about those non-traditional loans propping up the real estate market.