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Housing plays politics to keep growth strong.(home mortgage lending )
- Article from:
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ABA Banking Journal
- Article date:
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October 1, 2000
- Author:
- Peterson, James R.
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Copyright informationCOPYRIGHT 2000 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A joint policy statement urges both parties to take steps to continue the growth of the housing market, which faces several hurdles
Riding the crest of a rising economy, the future for home mortgage lending appears bright indeed. While credit tightening by the Federal Reserve is causing a general slowdown in home sales and mortgage originations, the overall market for home loans remains strong because unemployment continues to decline and personal income and personal consumption continue to climb.
Of course, computers and the Internet are also making the home purchase process more efficient. They make it easier for buyers to find houses and lenders and to conduct ...