Skip to main content

Treasury set to host August conference on future of the housing market

NationalMortgageProfessional.com
Jul 27, 2010

The Obama Administration has announced expanded opportunities for public engagement on the future of our nation's housing finance system, including Fannie Mae and Freddie Mac. These events, which will include a major conference in Washington, D.C., will help provide critical public input as the Administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011. "The future of our housing finance system is critical not only to our economic recovery, but also to millions of American homeowners in every corner of our country," said Treasury Secretary Tim Geithner. "Now is the time to build on the foundation we laid with the historic Wall Street Reform legislation President Obama signed last week and aggressively move forward to improve our nation's housing finance system. The Obama Administration is committed to delivering a comprehensive reform proposal that protects taxpayers, institutes tough oversight, restores the long-term health of our housing market, and strengthens our nation's economic recovery." "The Obama Administration is committed to engaging stakeholders and the public as we consider proposals for reforming the housing finance system," said U.S. Department of Housing & Urban Development (HUD) Secretary Shaun Donovan. "The need for reform is clear and we want to listen to a wide range of views as we chart a course to a more robust and stable housing market that works for the benefit of the American people." In the months ahead, the Administration will continue to gather input from a broad cross-section of stakeholders through a variety of events. The Administration is annoucing that it will hold on Aug. 17, a Conference on the Future of Housing Finance at the U.S. Treasury Department in Washington D.C. This event will bring together leading academic experts, consumer and community organizations, industry groups, market participants, and other stakeholders for an open discussion about housing finance reform. The Obama Administration has already begun the work of developing proposals for reforming our nation's system of housing finance. In early 2010, Secretaries Geithner and Donovan delivered testimony before Congress on the Obama Administration's ongoing work in this area, and the broad principles that would guide those efforts. In April 2010, Treasury and HUD issued a set of questions for public comment on the future of the housing finance system, which received more than 300 responses from a broad cross-section of consumer groups, industry groups, market participants, members of the public, think tanks, and other stakeholders. These responses will help provide additional input and perspective as the Obama Administration moves forward to develop its comprehensive reform proposal. To view these responses to the questions for public comment, click here and here. For more information, visit www.hud.gov.
Published
Jul 27, 2010
N.J. Real Estate Developer, Lawyer Admit To Mortgage Fraud

Plead guilty to defrauding Fannie Mae, insurers of over $3.5 million.

Regulation and Compliance
Nov 28, 2022
Strength In Numbers

Seeking advice from the CFPB

Regulation and Compliance
Nov 21, 2022
HUD OKs Private Flood Insurance Options For Homeowners 

FHA to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.

Regulation and Compliance
Nov 21, 2022
Targeted Pricing Changes Could Be ‘Marginal’

Former U.S. housing official expects little impact from new FHFA policy

Regulation and Compliance
Nov 21, 2022
Using NFTs in Real Estate - What’s Real & What’s Not

It’s an issue that might need legislative remedy to work

Regulation and Compliance
Nov 21, 2022
CFPB Needs To Establish Clear And Consistent Standards

MBA president details organization’s regulatory battles at annual meeting

Regulation and Compliance
Nov 21, 2022