07/26/2022
https://www.congress.gov...
"Really significant. So if I have been patching the roof that is leaking in my home, I now will have the wherewithal to replace it, which is, of course, of value to preserve the property value, but als..."
"Our bill would help $17.5 million borrowers who have Fannie Mae and Freddie Mac loans but who are trapped paying interest rates above 5 percent because of barriers to refinancing."
"As I have said many times, we need to fix the housing market now to get the broader economy moving again and creating jobs."
"Allowing a homeowner to refinance from a loan that is 6-percent interest to a loan that is 4-percent interest, for example, would save them hundreds of dollars a month, putting more money in their poc..."