Freddie Mac-No Politics (FMCC)

[Demar]

Democratic Principles for Housing Finance Reform

July 18, 2018

After exploring the issues related to housing finance reform with interested advocates, academics, and industry representatives at a series of working roundtables this year, we Democrats on the House Financial Services Committee, have agreed to a set of critical core principles for housing finance reform. We will oppose any legislation that is inconsistent with these principles.

-- Democratic Members, Committee on Financial Services

The principles call for the following:

· Maintain the 30-year fixed rate mortgage.

· Protect taxpayers.

· Provide stability and liquidity.

· Prevent disruptions to the U.S. housing market during a transition to a new finance system.

· Require transparency and standardization.

· Maintain access for all qualified borrowers that can sustain homeownership and serve homeowners of the future.

· Ensure access to affordable rental housing.

http://democrats.financialservices.house.gov/FinancialSvcsDemMedia/file/Democratic%20Principles%20for%20Housing%20Finance%20Reform.pdf