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| 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”:
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| 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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