The National Association of Realtors responded on March 13 to President Trump's executive order aimed at reducing regulatory burdens that have increased mortgage costs. Shannon McGahn, executive vice president and chief advocacy officer of the association, issued a statement welcoming efforts to expand access to mortgage credit for qualified homebuyers.
The topic is significant as it addresses concerns about rising barriers in the mortgage market that can prevent potential buyers from accessing affordable financing. The association emphasized the importance of reviewing regulations that may increase costs for borrowers and limit lenders' ability to serve their communities.
"The National Association of REALTORS welcomes efforts to expand access to mortgage credit and ensure that qualified homebuyers are not unnecessarily shut out of the market. Today’s executive action by President Trump highlights the importance of reviewing regulatory barriers that can increase costs for borrowers and limit the ability of lenders to serve their local markets. We look forward to reviewing the executive order in more detail," McGahn said.
She continued, "REALTORS know that access to affordable and responsible mortgage financing is essential to expanding homeownership and strengthening communities. As policymakers consider changes to the regulatory framework governing mortgage lending, it is critical that reforms both protect consumers and ensure that creditworthy buyers—particularly first-time buyers—have a clear path to homeownership."
McGahn also said, "NAR looks forward to reviewing the proposals and to working with the Administration, Congress, and regulators to ensure that efforts to expand access to credit prove beneficial to consumers and are paired with policies that address the nation’s housing supply challenges. Together, such efforts will help more Americans achieve the dream of homeownership."
According to the official website, the National Association of Realtors supports diversity and inclusion within the real estate profession. The organization encompasses around 1,200 local boards and 54 state and territorial associations according to its official website. It works toward empowering real estate professionals in preserving, protecting, and advancing rights related to real property as reported by its official website.
The association delivers resources such as research, statistics, advocacy initiatives, education programs, and news updates for its members according to its official website. It functions as a leading trade association in real estate according to its official website, with headquarters located in Chicago, Illinois, along with an additional office in Washington, D.C., as stated on its official site.
Looking ahead, NAR has indicated plans for further review of policy proposals related to mortgage lending regulations while continuing collaboration with government officials.
