Senate for Equal Opportunity in Primary & Secondary Mortgage Markets

First, it was Senator Brown (Ohio –D): “Small lenders are often the ONLY lenders willing to go the extra mile to underwrite mortgages in areas too often left behind by Washington and Wall Street.”

Then, it was Senator Warren (Mass – D): “We can’t have a thriving mortgage market if small lenders don’t have access, and the big guys do.”

👇Watch the Video below 👇

Senator Warren addressed another important objective of the Community Home Lenders Association (CHLA) regarding equal access to the market. Should the housing reform laws prohibit Big Banks from operating in both the primary and secondary mortgage markets? If the Senate does not take my testimony into consideration and Big Banks continue to dominate both markets, it will result in “the opening of Pandora’s box.”