We need thoughtful Government intervention to make sure that the mortgage market works for both small lenders and for creditworthy low-income borrowers.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Mr. President, so far this year President Trump and Senate Republicans have selected a long list of Wall Street insiders, corporate CEOs, lobbyists, and radical rightwing ideologues to run the Federal Government, but the Republicans…
I take it what you are saying is you want Congress to mandate that any secondary market entity treat all lenders equally.
So, basically, you are just saying let us bar any secondary market entities from offering a volume discount.
But then they turn around and oppose any form of Government intervention to help lower-income or minority borrowers. And I do not think you can have it both ways.
We cannot have a thriving mortgage market if small lenders do not have access and the big guys do.
I support ensuring equal access to the secondary market for small lenders, and I think it is critical that we get the details right on what it is going to take to make that happen.
But at this moment, more than 11 million families are paying more than half their income in rent.
Donald Trump wants to slash more than $6 billion from the HUD budget next year.





