McHenry Responds to Trump Administration’s Housing Finance Reform Plan
September 5, 2019 –
WASHINGTON – Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement in response to the Trump Administration’s proposed housing finance reform plan:
“Americans deserve better than the status quo. The Trump Administration’s proposal is a positive first step on the multi-year path to building a housing finance system that makes the goal of homeownership more achievable for borrowers.
“We need a long-term solution to this decade-old problem. I look forward to continuing to work with my colleagues, stakeholders, and this Administration to identify meaningful reforms. I am confident we share the same objective of fostering a competitive and well-regulated mortgage marketplace, while protecting taxpayers from the current, unsustainable system.”
In a January letter, Ranking Member McHenry called for hearings on several critical topics he believed the committee should prioritize, including the role of the federal government in mortgage finance.
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