Waters Promises GSE Reform if Dems Win House – NMP
Regulation and Compliance

Waters Promises GSE Reform if Dems Win House

Jul 26, 2018
Maxine Waters

Rep. Maxine Waters (D-CA), the ranking member of the House Financial Services Committee, has vowed to make government-sponsored enterprise (GSE) reform a priority if the Democrats win the House of Representatives in the November election and she becomes the committee’s chairwoman.
 
According to a Bloomberg report, Waters insisted that GSE reform was “very important to me.” However, she did not offer any ideas on how she would achieve this reform—the GSEs will be facing their tenth anniversary in federal conservatorship in September, and there has yet to be a reform proposal that has satisfied all stakeholders in the issue.
 
Waters also stated that is she became the chairwoman of the House Financial Services Committee, she would be “undoing” the changes put in place at the Consumer Financial Protection Bureau (CFPB) by Acting Director Mick Mulvaney. But as with GSE reform, she offered no specifics on what she would be doing, nor did she explain how she could accomplish such a feat while the CFPB operates as a standalone entity and is not answerable to congressional oversight.
 
About the author
Phil Hall
Link copied
Published
Jul 26, 2018
Get the NMP Daily
Tech
Ardley Launches Self-Service Platform For Mortgage Portfolio Growth

New platform lets lenders and servicers adjust pricing, borrower journeys and outreach campaigns directly

Ardley has launched a new self-service technology platform designed to give mortgage lenders and servicers direct control over pricing, borrower engagement, and lead management, allowing them to respond more quickly to market opportunities.The new offering, called Ardley Pla...

Continue reading
Analysis and Data
Housing Affordability Divide Widens As Midwest And South Pull Ahead

Realtor.com report finds states building more homes continue to outperform Northeast and Western markets on affordability

The gap between America's most affordable housing markets and its least affordable ones is growing wider, according to Realtor.com's second annual Housing Affordability & Homebuilding Report Cards.The report ranks states based on a combination of housing affordability an...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Regulation and Compliance
MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

Regulation and Compliance
Jun 11, 2026
CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

Regulation and Compliance
Jun 10, 2026
UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

Regulation and Compliance
Jun 08, 2026
MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

Regulation and Compliance
May 29, 2026
The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational

Regulation and Compliance
May 26, 2026
FHA Keeps Tri-Merge Credit Reports While Expanding Approved Scoring Models

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting

Regulation and Compliance
May 26, 2026