Realtors stop bus in Norman, OK, to warn against federal threats to home ownership

This material may not be published, broadcast, rewritten, or redistributed. Realtors Other housing reform would require buyers to come up with 20 percent down payment in order to borrow, the Realtors said. Unfortunately, home ownership has recently come under attack in Washington. Home ownership is under attack," said Richard Mendenhall, past president of the national association. Hope White, state president, Alan Huffman, the national group's regional vice president, and Mendenhall outlined what they said are threats to the "American dream" being considered by federal officials. The mortgage interest deduction has been in the tax code for more than 100 years," Mendenhall said. The Qualified Residential Mortgage, they said, is meant to keep less-than-qualified buyers from borrowing, as a way to better ensure ability to repay the loan. He said VA loans have the lowest default rate of the government loan programs. For decades, the government has recognized the benefits of home ownership, even showing longstanding support for policies surrounding the housing industry. Unfortunately, home ownership has recently come under attack in Washington. We don't have something that we appreciate that we stand on — that we have that we're responsible for. Other things don't matter if you don't have something to begin with (for) a foundation. We encourage your discussion but ask that you stay within the bounds of our commenting and posting policy. Please help by flagging comments that violate these guidelines. Posts that contain obscene or vulgar language will be immediately flagged and not posted. Other housing reform would require buyers to come up with 20 percent down payment in order to borrow, the Realtors said. Singer: Homeowners want to know whether they are responsible for break-in that occurred after the lender changed the locks. Reach 7 out of 10 Oklahoma home buyers each month with the combined power of HomesOK & the Oklahoman.