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REALTORS® Applaud Bill to Protect Taxpayers From Mortgage Industry Bailouts

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WASHINGTON (December 8, 2011) – The National Association of Realtors® supports legislation introduced today that provides sensible reform of the secondary mortgage market and protects the interest of taxpayers.

Sen. Johnny Isakson (R-Ga.) introduced the legislation, “The Mortgage Finance Act of 2011,” in the U.S. Senate. The bill creates a limited-term, government-chartered secondary mortgage market mechanism, the Mortgage Finance Agency, that would focus on the securitization of loans meeting the “qualified residential mortgage” (QRM) standard crafted by… Read More

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