March 19th, 2015 by WCBC Radio
Congressman John K. Delaney (MD-6), Congressman John Carney (DE-At Large) and Congressman Jim Himes (CT-4) have introduced legislation designed to protect the fixed-rate 30-year mortgage – a key instrument to ensure home affordability for the middle class – and shield American taxpayers from future bailouts by reforming the housing finance system. The Partnership to Strengthen Homeownership Act combines the private sector’s superior ability to price risk with the federal government’s unique ability to provide capacity.
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