NAR Says Congress Needs to Act Soon to Ease Credit in Challenged Commercial Real Estate Markets
Testifying before a House panel today, Jim Helsel, treasurer of the National Association of Realtors® and commercial real estate specialist, told members that a strong commercial real estate sector is vital to millions of U.S. jobs and helps keep the national economy afloat.
“As the leading advocate for private property rights, NAR believes it is critical for Congress to act soon and to get capital flowing to small businesses and to the commercial real estate market,” Helsel, president of Helsel Inc., Realtors®, in Camp Hill, Pa., told the House Committee on Financial Services.
“Lack of available credit remains a significant challenge for our industry right now,” Helsel said. He commended the panel for passage in June of H.R. 5297, “The Small Business Lending Fund Act of 2010,” which ensures community banks have both the incentive and capacity to increase total loans to small businesses. Raising the S
The economy is driven by consumers and their buying power is enhanced through lines of credit available to them. Banks and other financial institutions whose business is to offer lines of credit and loans, need an effective system to evaluate the creditworthiness of loan applicants. For this purpose, credit scores were introduced. An excellent credit score almost guarantees that you will be favorably considered for a loan by any financial institution. The question that often keeps popping up all the time is, ‘What is an excellent credit score?’. In this article I’ll provide an estimate of what constitutes an excellent credit score rating.
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