Trump Directs Treasury, HUD to Enact Housing Finance Reform

Mortgage Orb, Mar. 27, 2019–Patrick Barnard
The memorandum comes the same day numerous housing finance groups testified before the Senate Banking Committee on a proposed housing finance reform bill introduced by Chairman Mike Crapo, R-Idaho. “The housing finance system requires structural reforms that will ensure a stable, liquid secondary market to support a vibrant, diverse primary market, and comprehensive legislation is essential for such reforms,” said Robert D. Broeksmit, CMB, president and CEO of the Mortgage Bankers Association.