senators: New Scary Bill For the Housing Market! - 11/15/11 11:17 PM

NEW BENNET & ISAKSON BILL SCARY FOR THE HOUSING MARKET!   New Bennet & Isakson bill scary for the housing market! There is a new BILL that could hinder the housing market. Senators Bennet & Isakson want to ADD UTILITIES INTO THE DEBT RATIO WHEN QUALIFYING A HOME BUYER. They want to LOWER the Qualified Potential of every Buyer!!  Qualifying ratios are set where they are because people have other expenses. These costs are already considered in the ratios. This doesn’t help the housing market.   Write them and let them know this is a bad idea. It is called the S.A.V.E Act. … (5 comments)