Tuesday, July 16, 2013

Statement of David Stevens on Johnson-Crapo FHA Bill


David H. Stevens
 Washington, D.C. (July 16, 2013) – David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today issued the following statement regarding the release of Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo’s (R-ID) bipartisan ‘‘FHA Solvency Act of 2013”:

U.S. Senator Tim Johnson
Democrat, South Dakota
 “I strongly commend Chairman Johnson and Ranking Member Crapo for reaching a bipartisan agreement that will ensure FHA continues to fulfill its traditional role as a critical source of affordable credit for first-time home buyers and working families.

 “The FHA Solvency Act of 2013 contains common-sense reforms that will help shore up FHA’s finances. As we continue to analyze the bill, we may suggest some fine tuning of specific provisions. We support the direction of this legislation and look forward to working with the Chairman and Ranking Member as the committee considers their proposal in the coming days and weeks.”

For a complete copy of the company’s news release, please contact:       

Rob Van Raaphorst
(202) 557-2799


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