NAHB Chief Lobbyist Jim Tobin was among a few industry leaders who participated in a housing finance roundtable today organized by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio).
Discussions focused on housing finance reform in the 115th Congress and key staff of the Senate Banking Committee attended the forum.
NAHB has been actively involved in this important policy debate and continues to play a leading role among industry participants.
During the discussions, Tobin emphasized that any housing finance reform efforts should bring the flow of private capital back into the marketplace, ensure creditworthy borrowers have access to mortgage funding, and provide certainty and stability to the nation’s financial markets.
The best way to achieve these aims, Tobin added, is to transition Fannie Mae and Freddie Mac into a private sector-oriented system, with the federal government acting as a backstop in times of crisis. This would protect the American taxpayer by placing private capital in a first-loss position.
Such a blueprint would not only protect the 30-year mortgage and help homeownership, it would also ensure continued access to credit for multifamily development.
NAHB remains fully engaged as the debate on housing finance reform continues. For more information, contact Scott Meyer at 800-368-5242 x8144.
Tags: housing finance reform