President Obama’s replacement for U.S. Attorney General Eric Holder Jr. will have a strong influence on the housing market, according to some industry leaders. Under Holder’s leadership, the Justice Department filed suits that led to lenders buying back billions of dollars worth of risky, government-backed home loans. Banks then implemented strict credit requirements on borrowers that shut out millions from qualifying for mortgages. If the government eases up on its lawsuits, the credit climate could ease.
Advertisement
Related Stories
Codes + Standards
Public Comment Period Opens for 2024 National Green Building Standard Update
The 45-day public comment period opened Aug. 18, and comments must be submitted by Oct. 2, 2023
Codes + Standards
The Inefficiencies of the Latest Energy Code
The 2021 edition of the International Energy Conservation Code (IECC) hampers the return on investment for builders and homebuyers
Energy Efficiency
New RESNET Label Provides Home Energy-Efficiency Ratings and Certifications Info
A one-page, consumer-friendly label is now available for all homes in the RESNET Registry