NAR welcomes US Senate hearings on housing finance reform, says its goal is to aid development of secondary mortgage market that will help maintain strong housing market, bolster economic recovery

WASHINGTON , September 12, 2013 (press release) – The following is a statement by National Association of Realtors® President Gary Thomas:

“Realtors® applaud Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, for initiating a series of hearings beginning today about the future of the secondary mortgage market and the essential elements of sustainable housing finance reform.

“As the thoughtful policy discussions move ahead, Realtors® continue to advocate for a system that ensures creditworthy buyers always have access to safe, reliable mortgages such as 30-and 15-year fixed-rate loans, even in tough economic times when private lenders cannot, or will not, enter the market.

“Our goal is to help Congress, and our industry, design a secondary mortgage market model that will serve America’s best interests today and into the future, and ensure a strong housing market and economic recovery.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

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