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Industry Panel to Congress: Housing Reform Must Provide Reliable Credit to Homebuyers

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Congress/Credit: Comstock

The National Association of Home Builders (NAHB) has told Congress that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections. Testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, NAHB First Vice Chairman Rick Judson, a home builder from Charlotte, N.C., said that, "NAHB believes a housing finance system that provides adequate and reliable credit to homebuyers at reasonable interest rates through all businClick to continue


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