Senator Barbara Mikulski Contact's Coester Appraisal

US Senator Barbara Mikulski responds to Coester Appraisal Groups letter regarding the national real estate market and the role of the appraisal industry.

Please see letter below:

"Dear Mr. Coester:

Thank you for contacting me about recent housing legislation and programs. It's great to hear from you.

I appreciate hearing your ideas and views about this issue. The foreclosure crisis is at the heart of the economic downturn. Without the right policies, the effects of foreclosure can be devastating not just to the homeowner, but to their communities and the entire nation. This problem requires creative solutions and targeted initiatives that address the housing sector directly and help families keep their homes.

I have always been on the side of smart and strong regulations. Our financial system went off a cliff and we need common sense reform to restore confidence in our economy. Over the past 10 years, there were too many scams and schemes. Now we need to protect consumers to make sure it never happens again. Mortgages should be transparent and easy to understand, and consumers should get the most affordable interest rate. I also know that we can't impose requirements on lenders and appraisers that prevent them from doing their business. I want to protect the good guys in the housing industry.

I have always fought for consumers and against unfair and abusive practices in the marketplace. I will only support housing legislation that puts consumers first. Knowing of your views is helpful to me and I will keep your views in mind as the Senate continues to consider housing legislation.
 
Again, thank you for contacting me. Please let me know if I can be of help to you in the future.

Sincerely,
Barbara A. Mikulski
United States Senator


Please do not respond directly to this e-mail. The originating e-mail account is not monitored.
If you would like to get in touch with me again, please visit my Webform at http://mikulski.senate.gov/Contact/contact.cfm"