Calling it a net plus for the consumers and the housing market,Affinity FCU President/CEO John Fenton on Thursday urged lawmakersto ensure that any changes in the housing finance system don'tjeopardize the existence of the 30-year mortgage.

“It's consumer friendly, straightforward and easy tounderstand,'' Fenton said during testimony on housing finance reform before the Senate BankingCommittee. “It's necessary for the health of the housing marketthat it remain a viable product.''

Fenton, who testified on behalf of NAFCU, said the way to ensurethat that kind of mortgage remains available is to revamp thehousing finance system in a way that keeps a strong governmentpresence in the market.

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