MBA Commends Passage of Neugebauer-Huizenga Amendment

WASHINGTON, D.C. – November 6, 2015 – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement commending the House for passing the Neugebauer-Huizenga amendment to H.R. 22, the DRIVE Act:

“MBA commends the full House for its strong bipartisan vote to pass the Neugebauer-Huizenga amendment and remove from the highway bill an extension of higher Fannie Mae and Freddie Mac guarantee fees that would have served as a tax on homeownership, as well as a harmful reduction in the dividend paid on Federal Reserve bank stock. Given the widespread support (354 to 72) for the amendment from Republicans and Democrats alike, we will continue to strongly advocate for the House position as House and Senate leaders meet to reconcile the differences between the two chambers’ highway bills.”

CONTACT
Rob Van Raaphorst

(202) 557- 2799

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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