Federal Reserve Board Chairman Alan Greenspan told the National Association of Home Builders in Houston on Jan. 28 that it needs to work more closely with the banking industry to promote homeownership. Here are excerpts from Mr. Greenspan's remarks:
Housing finance is another area where gains can be made in promoting homeownership. Working with lenders, you can increase the efficiency of loan originations and underwriting. The objective here is to allow more people to qualify for home purchase.