WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) today outlined reforms to fix America’s broken housing finance system.
During a speech at a conference on the future of the U.S. housing market, Chairman Hensarling said he would work on a bipartisan basis to come up with a reform package provided it included certain key principles. He also pointed to a proposal authored by Ed DeMarco, the former acting director of the Federal Housing Finance Agency, and Michael Bright, currently the executive vice president at Ginnie Mae, as a way to move housing finance reform forward.
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