Robert Hurt Statement Following Committee Hearing On Housing Finance System

Statement

Congressman Robert Hurt today released the below statement following the Financial Services Committee hearing examining successful housing finance models:

"There is no question that Congress must take action to decrease the government's role in the housing market in order to reduce taxpayer risk and increase the amount of private capital in the secondary mortgage market. Unfortunately, Dodd-Frank failed to address the problems with Fannie Mae and Freddie Mac and actually established more provisions which further enhanced the government-sponsored enterprises institutional advantages over the private market. I thank Chairman Hensarling's leadership in putting this Committee on the path to reforming our nation's housing finance system to increase private capital investment as well as protect American homeowners and hardworking taxpayers in Virginia's 5th District and across the country."

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