Banking Committee Senators Garner Broad Support for Bipartisan Housing Finance Reform Bill

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    By Tennessee RealEstateRama -

    WASHINGTON, DC – June 25, 2013 – (RealEstateRama) — U.S. Senators Bob Corker, R-Tenn., Mark Warner, D-Va., Mike Johanns, R-Neb., Jon Tester, D-Mont., Dean Heller, R-Nev., Heidi Heitkamp, D-N.D., Jerry Moran, R-Kan., and Kay Hagan, D-N.C., all members of the Senate Banking, Housing and Urban Affairs Committee, are introducing legislation today to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns. The bill is drawing broad support from stakeholders and industry experts

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