AMI Commends the Administration GSE Reform White Paper as a Good Start;
Washington, D.C. – The Association of Mortgage Investors (AMI) publicly commends the Administration on the release of its white paper, Reforming America’s Housing Finance Market.
AMI acknowledges that it presents a series of important reforms to bring back the country’s housing opportunities. At today’s House Financial Services Subcommittee hearing, the Administration witnesses state important goals. . .
We, however, see a number of omissions which will frustrate its goals and ultimate success of returning private capital to the market. Accordingly, the AMI and its members are ready and willing to engage policy-makers to create a truly viable plan that offers long-term, sustainable, and effective solutions. The timely resolution of the foreclosure crisis is in the best interests of homeowners and fixed income portfolio investors reliant upon returns from mortgage-backed securities.
For more information, please click here for our press release: AMI_press_release_2_16_2011