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NAHB emphasizes need for housing finance availability

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The National Association of Home Builders emphasized to Congress that an effective housing finance reform plan must include a federal backstop to ensure that the 30-year, fixed-rate mortgages and reliable mortgage financing for multifamily housing remain readily available and affordable, the association said in a press release.

“NAHB believes that the U.S. housing finance system must be multifaceted with both competing and complementary components, including private, federal and state sources of housing capital,” said Judson. “To achieve this, it is important to reform and restructure the conventional mortgage market and also improve other parts of the housing finance system, including FHA, the Federal Home Loan Banks and state housing finance agencies.”

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