A housing finance reform bill unveiled by House Republicans July 11 would wind down Fannie Mae and Freddie Mac and also contains a number of regulatory relief provisions, including tweaks to the CFPB’s qualified mortgage rule and exam reform.
Hampel will appear at first hearing on Senate GSE Reform legislation.
GOP panel members anxious to move measure along while Democrats ask to wait until after recess to allow public input.
WASHINGTON — NCUA Board hopeful Richard Metsger’s nomination was unanimously approved Thursday morning by the Senate Banking Committee.
Bill rolled out by House GOP last week would eliminate Fannie and Freddie and modify qualified mortgage regulations.
Thursday hearing will focus on secondary mortgage market reform bill.
Trade group says it does have some concerns while California Democrat says bill is partisan ideology and another attack on middle class.
GOP-backed measure would create the "National Mortgage Market Utility" regulated by FHFA.
New Hampshire credit union wants more than $655,000 and mortgage servicing rights from Michigan-based CUSO Development Co.
FHFA says more than 2.5 million housing finance loans have now been done through HAP since 2009.