ALTA Supports Senate Banking Committee Approval of Johnson-Crapo GSE Reform Bill
May 20, 2014
The Senate Committee on Banking, Housing, and Urban Affairs voted 13-9 on May 13 to approve the Johnson-Crapo housing finance reform bill. During ALTA’s Federal Conference earlier this month, more than 250 industry professionals lobbied Capitol Hill to ensure the following measures are part of any broader housing finance reform package:
- Preserve the 30-year fixed-rate pre-payable mortgage
- Allow small businesses to compete
- Ensure that consumers—whether they live in urban, suburban or rural communities—have equal access to credit and competitive interest rates
- Preserve title insurance as an important underwriting risk management standard
Contact ALTA at 202-296-3671 or firstname.lastname@example.org.