Barr’s Portfolio Financing And Home Loan Access Act Gone By The HomeYour House

The HomeYour house of Representatives Wednesday passed HR 1210, the Portfolio Lending and Mortgage Access Act introduced by Congressman Andy Barr (KY-6) in a bipartisan vote of 255 to 174, according to a release.The bill promotes

inexpensive house financing and dissuades the practice of securitizing and offering of mortgages that resulted in the 2008 financial crisis and the resulting taxpayer bailouts of Fannie Mae, Freddie Mac, and big systemically essential monetary organizations.