Waters Responds to Committee Passage of Bill to End Affordable 30-Year-Fixed Rate Mortgage


    WASHINGTON, D.C. – July 25, 2013 – (RealEstateRama) — Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named “Protecting American Taxpayers and Homeowners Act” or “PATH Act” (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market. However, because the bill would remove a government guarantee, it would end the affordable 30-year fixed rate mortgage and have negative impacts on the middle class, community banks and credit unions, the housing market, and America’s taxpayers

    Previous articleGarbett Homes introduces first Net Zero Energy Production home in Utah and one of the first Production Net Zero Homes in U.S. to achieve actual ZERO HERS Score in Climate Zone 5
    Next articlePATH Act to End Taxpayer Bailout and Create Sustainable Housing Finance System Passes Committee