[Congressional Record Volume 150, Number 65 (Tuesday, May 11, 2004)]
[Extensions of Remarks]
[Page E804]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          A PROCLAMATION HONORING NATIONAL MORTGAGE BROKER DAY

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                           HON. ROBERT W. NEY

                                of ohio

                    in the house of representatives

                         Tuesday, May 11, 2004

  Mr. NEY. Mr. Speaker:
  Whereas mortgage brokers originate two out of three residential home 
loans in the United States;
  Whereas mortgage brokers have played a key role over the last 30 
years in helping to raise the nation's homeownership rate to an 
historically high level of over 68 percent;
  Whereas mortgage brokers are an integral component of the national 
housing market that has played a critical role in bolstering the 
American economy;
  Whereas mortgage brokers are typically family-owned, small businesses 
employing 360,000 Americans at 44,000 firms with deep roots in their 
local communities;
  Whereas mortgage brokers work every day to provide home financing 
options and resources to Americans in under-served low-to-moderate 
income and minority communities;
  Whereas mortgage brokers help millions of Americans realize the dream 
of homeownership each year;
  Therefore, I join with my colleagues in urging that June 7, 2004 be 
designated ``National Mortgage Broker Day'', as a tribute to the 
mortgage broker industry, which for more than 30 years has provided new 
homeownership and financing opportunities for millions of American 
families enabling them to build equity that can be passed on to future 
generations.

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