Statement on GSE hearing from David M. Dworkin, president and CEO of the National Housing Conference
“Today’s hearing made significant progress on the path to housing finance reform. While there was plenty of disagreement, there was also important alignment around essential issues of a bipartisan deal that has eluded Congress in the past. Treasury Secretary Mnuchin made clear that housing finance reform must maintain access to the 30-year fixed rate mortgage; ensure enough private capital is in place to protect taxpayers; seek to provide the stability and liquidity to withstand future financial crises; and improve transparency and standardization that ensures that community banks and credit unions will have equal access to the benefits of the secondary mortgage market. These principles have been explicitly embraced by both Chairwoman Waters and Chairman Crapo.”