I firmly believe that we need to reform our housing-finance system but I am concerned about the unintended consequences for our housing market and economy that could result.
A new system that eliminates the most popular and stable mortgage product in the country would be a step backward.
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Tabs
Friday, October 21, 2011
Sen. Johnson: Housing Reform Not to Begin This Year
Senate Banking Committee Chairman Tim Johnson (D-SD) confirmed during a hearing yesterday that reform of the housing finance system will not be undertaken in the coming months, stating that Committee work on legislation likely will take place “next year.”
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