House Committee passes PATH Act

Last week, the House Financial Services Committee passed H.R 2767, the Protecting American Taxpayers and Homeowners (PATH) Act. The National Association of REALTORS (NAR) opposes this legislation, which includes reforms to the Federal Housing Administration (FHA), government-sponsored enterprises (GSEs), and the financial regulatory law known as the Dodd-Frank Act. NAR opposes the bill based on two major concerns, namely, the end of federal guarantee for a secondary mortgage market, and the dramatic restructuring and targeting of the FHA. 

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