House Republicans: With criticism for the Obama administration and the shortcomings of the Dodd Frank Act, the “House of Representatives Financial Services Committee”announced Thursday a new plan to fix housing finance and end the bailout for good.
The Protecting American Taxpayers and Homeowners Act (PATH) aims to end the federal bailout of Fannie Mae and Freddie Mac within five years; increase competition in the housing finance market; and offer consumers more choices when shopping for mortgages.
After 11 hearings comprised of testimonies from 41 witnesses over the past five months, the committee deems the PATH Act superior to Dodd-Frank and assures it will protect both taxpayers and homeowners. Learn more ....
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