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Realtors® Applaud Senate Hearings on Housing Finance Reform

Media Contact: Jenny Werwa / 202-383-1193 / Email

WASHINGTON (September 12, 2013) – The following is a statement by National Association of Realtors® President Gary Thomas:

“Realtors® applaud Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, for initiating a series of hearings beginning today about the future of the secondary mortgage market and the essential elements of sustainable housing finance reform.

“As the thoughtful policy discussions move ahead, Realtors® continue to advocate for a system that ensures creditworthy buyers always have access to safe, reliable mortgages such as 30-and 15-year fixed-rate loans, even in tough economic times when private lenders cannot, or will not, enter the market.

“Our goal is to help Congress, and our industry, design a secondary mortgage market model that will serve America’s best interests today and into the future, and ensure a strong housing market and economic recovery.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.