Posted by: Marvin Remmich | October 2, 2014

FOUR WAYS TO HELP MILLENNIALS BREAK INTO THE TIGHT HOUSING MARKET

David Stevens, CEO of the Mortgage Bankers Association, is not a pessimist when it comes to Millennials and the future of the housing market. He argues there are four key steps that can help younger Americans purchase a home and contribute toward the economy. One, he says credit standards should be loosened, the loan approval process for condos should be easier, and risk-sharing agreements should be encouraged by banks.

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