Congressman Jerry McNerney from the 11th Congressional District addressed the weekly meeting of the Valley Marketing Association in Pleasanton today.

Congressman McNerney told the attendees that two of the major issues he is concerned with are the transportaion infrastructure in the TriValley area and education. He also sponsored legislation to prevent banks from extending their reach into real estate.

The Congresman asked the attendees what was foremost on the minds of real estate professionals these days. The response was almost single-minded – FHA reform. Governement loan programs need amending to open them up to California consumers who are being shut out of these programs due to the high cost of housing in the East Bay area.

When Mike Tacconi asked the group how many had an FHA transaction in the last year – not one hand was raised – point made! As the past president of the CAMB – California Association of Mortgage Brokers – Mike is well informed on what needs to be done to help the local real estate industry weather these challenging times and to assist consumers to buy, sell and remain in their homes.

The VMA represents agents and affiliates associated with the real estate industry in Pleasanton and Dublin, CA. The weekly meeting is held at Tommy T’s in Pleasanton.