Huizenga Legislation To Help Low & Middle Income Borrowers Access Qualified Mortgages Unanimously Passes Committee

WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Today, the House Committee on Financial Services unanimously passed H.R. 3211, The Mortgage Choice Act of 2013, introduced by Congressman Bill Huizenga (MI-02). H.R. 3211 is a bipartisan piece of legislation that would amend and clarify the qualified mortgage definition in the Dodd-Frank Act thereby improving access to credit and qualified mortgages for low and moderate income borrowers while protecting consumers from bad loans. Following passage, Congressman Huizenga released the following statement on The Mortgage Choice Act of 2013