MBA's Kittle comments on House passage of the Helping Families Save Their Homes ActMortgagePress.comMBA, David G. Kittle, Mortgage Bankers Association, HR 1106, Helping Families Save Their Homes Act, Hope for Homeowners
David G. Kittle, CMB, chairman of the Mortgage Bankers
Association (MBA), has issued the following statement after the
House passed HR 1106, the Helping Families Save Their Homes
"We applaud the House for the improvements to the Hope for
Homeowners program and other sensible provisions, but we are
disappointed that they have voted to pass this bill with bankruptcy
reform that, if enacted, will increase costs on consumers and
further destabilize the mortgage and housing markets. That being
said, we are pleased that House moved to limit the harm this bill
will do to consumers, and we want to work with the Senate to
further contain the damage."
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