Last night, the House of Representatives passed H.R. 5461 containing several provisions to reform Dodd-Frank including, the Mortgage Choice Act, legislation first introduced by Congressman Huizenga to help low and moderate income Americans attain a qualified mortgage. Congressman Huizenga released the following statement after H.R. 5461 passed with strong bipartisan support by a vote of 327 to 97:
"This legislation will help low and middle income borrowers as well as prospective first-time homeowners realize a portion of the American Dream," said Huizenga. "Hard-working families across the nation should not be denied access to a qualified mortgage because of technicalities that are largely out of their control. H.R. 5461 represents a positive, bipartisan step forward to make sure West Michigan residents can attain mortgages for their first home; Michigan farmers can access the financing they need to buy tractors and work their land; and Americans across the nation can buy insurance policies without severe premium increases."
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