ADMINISTRATION PROPOSALS COULD THREATEN CONSUMER ACCESS TO SAFE, AFFORDABLE HOMEOWNERSHIP

Washington, D.C. – February 11, 2011 – (RealEstateRama) — The Administration’s options for mortgage finance reform released today include choices that could threaten consumers’ access to affordable mortgage credit to buy homes by severely constricting the government’s historic role in supporting affordable, long term credit, and on shifting control of the mortgage market to Wall Street banks and investors whose previous missteps have already caused massive foreclosures and losses for consumers and communities


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