SFIG Testifies on Housing Finance Reform

Today, November 2nd, Dan Goodwin, Director of Mortgage Policy for SFIG, testified before the House Financial Services Subcommittee on Housing and Insurance on the topic of housing finance reform. The hearing, entitled "Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform, Part II", also included panelists from the Mortgage Bankers Association, the National Association of Home Builders, National Association of Realtors, the National Multifamily Housing Council, and the Center for American Progress.

SFIG's testimony focused on the need for a stable, liquid, and efficient mortgage market, speaking both to the role of the government guarantee and of private capital. Specifically, Mr. Goodwin highlighted the TBA market, the CRT program, efforts to revive the PLS market, and the work SFIG has been doing with its membership to further develop marketplace standards and practices. He also underscored the importance of an orderly transition to any potential future regulatory framework. (You can watch the video here.)

SFIG continues to be very active in the debate over comprehensive housing finance reform, and will continue to work with policymakers and its membership to promote constructive reforms. To participate in SFIG's GSE Reform Task Force, please email William.Innes@SFIndustry.org.

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