WASHINGTON, April 2 -- The House Financial Services Subcommittee on Housing and Insurance issued the following testimony by Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, involving a hearing on March 20, 2024, entitled "The Characteristics and Challenges of Today's Homebuyers":

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Chairman Davidson, Ranking Member Cleaver, and members of the subcommittee, thank you for t . . .

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