Perlmutter Fights to Maintain Affordable 30-year Fixed Mortgages

    WASHINGTON, D.C. – July 25, 2013 – (RealEstateRama) — Today, House Financial Services Committee Republicans rushed through passing a radical a housing finance plan (PATH ACT) that could force homeowners into risky and exotic mortgages, gut protections for homebuyers, and end the 30-year fixed rate mortgage. U.S. Rep. Ed Perlmutter (CO-07), a member of the House Financial Services Committee called this measure a “Path to Nowhere” and voted against the measure in committee. The Republican plan would significantly raise the price of homeownership while at the same time eliminate many affordable housing programs.

    Previous articlePolis Lake Hill Bill Passes Committee
    Next articleUdall Presses VA to Not Penalize Veterans Who Lost Homes in Colorado Wildfires on Mortgage, Refinancing Fees