Home Builders Call on Congress to Move Forward On Housing Finance Reform

The nation's home builders recently called on Congress to move forward on bipartisan housing finance reform to ensure that affordable housing credit can be delivered through a competitive, efficient, sound and stable system that maintains the crucial element of a federal backstop for the mortgage market.

Citing recent white papers produced by the Bipartisan Policy Center Housing Commission, National Association of Home Builders (NAHB), Mortgage Bankers Association and others, NAHB Chairman Rick Judson said, "Multiple stakeholders have now weighed in with their proposed approaches to this important task. While the details of those approaches may differ, one thing they all have in common is the need to maintain some form of federal support to the conventional mortgage market. That's the point from which we believe Congress should start as it charts a path for the eventual wind-down of Fannie Mae and Freddie Mac."