The House Committee on Financial Services will hold a hearing, “Mortgage Finance Reform: An Examination of the Obama Administration’s Report to Congress,” on March 1. The White House released its report to Congress on the future of housing finance, Reforming America’s Housing Finance Market, on February 11 (see Memo, 2/11). The hearing will begin at 10am.
On March 2, the House Financial Services Subcommittee on Insurance, Housing, and Community Opportunity will hold a hearing titled, “Legislative Proposals to End Taxpayer Funding for Ineffective Foreclosure Mitigation Programs.” This hearing is expected to focus on the Neighborhood Stabilization Program, the Making Home Affordable Program (HAMP), the FHA Refinance Program, and the Emergency Homeowner Relief Fund. The effectiveness of each of these programs was questioned by the overall Committee’s oversight plan, which it adopted on February 10 (see Memo, 2/4). This hearing will begin at 2pm.Both hearings will be in room 2128 of the Rayburn House office building.