GOP Sens. Prod Regulators To Reform Housing Finance

Law360 (September 10, 2019, 6:20 PM EDT) -- Republicans on the Senate Banking Committee urged top Trump administration officials Tuesday to use the regulatory muscle already at their disposal to get a jump on housing finance reform, underscoring the long-shot odds that any legislative overhaul of the mortgage market faces in Congress.

At a hearing featuring the heads of the Federal Housing Finance Agency, Department of the Treasury and Department of Housing and Urban Development, the Senate panel’s chairman, Sen. Mike Crapo, R-Idaho, suggested officials shouldn’t wait for congressional action but instead “start building a foundation” for a system of mortgage finance less dependent on government support.

“While it’s...

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