ROFLOL, one of the groups that lobbied hard for no down payment no credit check loans.
actually, it was ACORN, Barney Frank and Fannie/Freddie who were pushing for that.
The National Association of Realtors promoted incentives for first time home buyers but they didn’t ask anybody to approval ‘no credit check’ loans. They were certainly in favor of more home buying but the fraudulent loans, credit default swaps and loan bundling wasn’t something the NAR or any Realtor organization was promoting or involved in. That was the banks. The NAR and the banks aren’t exactly close friends since the banks want to get into the actual real estate transaction business which would essentially gut the NAR.