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Wednesday, August 7, 2013

President Supports Corker-Warner Housing-Finance Bill

During his housing-finance reform speech, President Obama stated support for the ABA-backed bill by Sen. Bob Corker (R-TN) and Sen. Mark Warner (D-VA), explaining that the legislation is consistent with his principles for housing reform. Those principles include a “bigger role” for private capital, “no more leaving taxpayers on the hook” for bad decisions, preserving “safe and simple” products like the 30-year fixed-rate mortgage, and a strengthened Federal Housing Administration.

Read the President’s full speech.

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