In a new letter to the Federal Reserve, the National Association of Realtors (NAR) said that residential underwriting standards remain too tight and the central bank should use its influence to ensure that new  mortgage regulations do not further inhibit access to credit.

In its letter to Fed chairman Ben Bernanke, NAR says it hopes the Fed’s decision to purchase more MBS will lower mortgage rates and stimulate demand in the housing sector.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.