Share
On Oct. 29, 2013, NAR President Gary Thomas testified at a U.S. Senate Banking Committee hearing entitled, "Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers." As Congress looks to reform the secondary mortgage market, Mr. Thomas urged lawmakers to ensure that mortgage capital is available and affordable for creditworthy consumers in all markets and under all economic conditions. Mr. Thomas stressed to lawmakers that this objective can only be acheived through a secondary mortgage market upheld by an explicit government guarantee, which should ensure the availability of the 30-year fixed-rate mortgage.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.