DODD, SHELBY RESPOND TO ADMINISTRATION'S VETO THREAT

“This is a disappointing response.  We believe this legislation represents a compromise that will bring relief to hundreds of thousands of homeowners and the housing markets without putting the American taxpayer at risk.  All the pieces of this package have overwhelming bipartisan support.  Furthermore, the legislation includes two major provisions that the Administration has urged the Congress to pass, FHA Modernization and GSE reform.  We hope the White House will reconsider its position.”

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