Kurt Pfotenhauer

Is Congress Deaf to Real Estate?

Kurt Pfotenhauer Sr. VP, Government Affairs Mortgage Bankers Association Washington, DC

To rely on the wisdom of our subscribers–always a safe bet–Congress isn’t exactly in bed with the real estate industry. Last week’s Feedback Poll, which asked if those who populate Capitol Hill are deaf to real estate’s needs, revealed that 84% of our visitors think they are, the remainder voting in favor of Congress’ listening ability. This aligns exactly with a poll we conducted last year, specifically asking if Congress truly understood the impact of TRIA. Again, 84% voted thumbs down. But a disconnect between the fed and the industry may not be so much of a bad thing, as commentator Pfotenhauer attests.