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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.”

Rob Van Raaphorst

(202) 557- 2799