"It is critical that we deliver real solutions that empower Americans and strengthen communities, committee Chair French Hill (R-Ark.) said in a statement. This month, the Financial Services Committee will advance solutions to tackle housing cost and access challenges for American families, homeowners and renters. Next year, we look forward to working with our Senate colleagues to send a bill to the president's desk that reflects the views of both chambers and leads to more affordable choices for America's homeowners and renters."
"Even without legislation, much can be done, and CHLA is excited that the Trump Administration is focused on homeownership actions like considering reducing loan-level price adjustment loan fees for Fannie Mae and Freddie Mac loans and streamlining regulatory barriers so that independent mortgage bankers can originate mortgage loans more efficiently and at a lower cost to borrowers, said Scott Olson, executive director of the Community Home Lenders of America."
The House plans to unveil its version of the ROAD housing package by the end of the week, revisiting about a dozen provisions flagged by lawmakers. Industry experts see an opportunity to insert additional single-family housing and homeownership measures because the Senate version is viewed as heavily focused on affordable rental housing. A markup in the House Financial Services Committee is possible next week. Committee leaders intend to advance solutions to address housing cost and access challenges and to work with the Senate next year to produce a bill that increases affordable choices for homeowners and renters. Mortgage trade groups expressed disappointment over removal of housing provisions from the NDAA but welcomed administration actions aimed at reducing fees and streamlining regulatory barriers to lower mortgage costs.
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