Washington, D.C. – July 11, 2014 – (RealEstateRama) — Representatives Jim Himes (CT-4), John K. Delaney (MD-6) and John Carney (DE – at large) today introduced innovative housing finance reform legislation, the Partnership to Strengthen Homeownership Act (H.R. 5055). This legislation preserves the 30-year fixed rate mortgage and protects American taxpayers by using private sector pricing to reduce the risk of future bailouts. It shifts the housing finance market away from Fannie Mae and Freddie Mac, and keeps home ownership attainable for working families by strengthening affordable housing programs
More info...
