| Title: | MBA Submits Testimony Supporting Homebuyer Tax Credit |
| Source: | MBA |
| Date: | 10/7/2009 |
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Today, MBA submitted testimony for the record to the House Small Business Committee for its hearing titled, "The State of
the Nation's Housing Sector: An Examination of the First Time Buyer's Credit and Future Policies to Sustain Recovery." In
its testimony, MBA urges Congress to expand the credit so it is available to all homebuyers, increase the amount to $15,000,
eliminate the income limits and make the credit available to borrowers at the closing table.
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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry
that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the
association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand
homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and
fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety
of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies,
mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending
field. For additional information, visit MBA's Web site: www.mortgagebankers.org.