Trump Housing-Finance Nominee Pledges to Preserve 30-Year Mortgage

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WASHINGTON—The Trump administration’s pick to help overhaul the way many Americans finance their home purchases told Congress on Thursday he would work to preserve the popular 30-year mortgage, a product he has criticized in the past.

Mark Calabria, speaking at his confirmation hearing at the Senate Banking Committee, said, “It is indeed possible for us to have a well capitalized, strong system that preserves the 30-year mortgage.”

2019-03-15 13:55:00

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