Housing Finance Future Hearing Scheduled for March
Don’t you wish, as I do, that we could somehow make this out to NOT be the train-wreck it’s going to be? Ya know, probably 19+ months in the making, only to end up doing two things we should actually AVOID. (1). Being one Big reason to keep the consumer residential real estate mortgage lending from bouncing back in the mean-time because of this ‘unknown’ and, (2) The new legislation ultimately being confused, weak and generally worthless when it’s completed because the Congress won’t get real input from people who actually understand … unlike them.
Housing Finance Future Hearing Scheduled for March
The House Financial Services Committee will hold its first hearing on the future of the housing finance system on March 2. Treasury Secretary Timothy Geithner and Housing Secretary Shaun Donovan are scheduled to testify. “The hearing will focus on all the private and public entities that support the housing market,” the committee said. “It is the first step in a legislative process to determine the future of housing finance and the federal government’s role in responsible homeownership and the supply of affordable rental housing.” On Feb. 10, the committee will hold a hearing on the Federal Reserve’s mortgage-backed securities purchase program and other Fed liquidity programs. The hearing is entitled “Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery.”
