Pledging
These are the original issues in this subcategory
  • REFINANCING
  • LENDING
  • FEDERAL MORTGAGE INSURANCE
Winning Issue » FEDERAL MORTGAGE INSURANCE


In light of the recent financial crisis which decimated our housing market, there have been calls to revamp our mortgage finance system. Currently, the mortgage giants Fannie Mae and Freddie Mac process the majority of our nation’s home loans. Many wish to dissolve these corporations to insure their reckless lending policies, and the resulting taxpayer bailouts, are not repeated. They suggest building a new housing finance system that will provide secure home ownership for responsible middle class families and those striving to join them. This new entity, the Federal Mortgage Insurance Corporation (FMIC), would provide government insurance for mortgages just as the Federal Deposit Insurance Corporation (FDIC) does for savings accounts. Advocates say the FMIC would be prohibited from taking the risks which helped cause our catastrophic housing crisis. They also claim it would spur investment in the rental housing market.


Pending Legislation: None




Polling Options

  • I oppose reforming current mortgage lending policy, and wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support establishing the Federal Mortgage Insurance Corporation and wish to identify a legislator who will either reintroduce S.1217 - Housing Finance Reform and Taxpayer Protection Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to either the campaign committee of Sen. Bob Corker (TN) or to an advocate group currently working with this issue


Winning Option

  • I support establishing the Federal Mortgage Insurance Corporation and wish to identify a legislator who will either reintroduce S.1217 - Housing Finance Reform and Taxpayer Protection Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to either the campaign committee of Sen. Bob Corker (TN) or to an advocate group currently working with this issue
You May Pledge Your Support For This Issue With A Monetary
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
April 2, 2020
Pledge Period - Closing Date
April 15, 2020
Trustee Election - Begins
April 9, 2020


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