The full House Committee on Financial Services will hold a March 19 hearing on the Federal Housing Finance Agency, the independent regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The hearing will be at 10am in room 2128 of the Rayburn House office building. Witnesses have not yet been announced.
The Subcommittee on Housing and Insurance of the House Financial Services Committee will hold a March 13 hearing on private vs. government approaches to mortgage insurance, specifically looking at comparative advantages of the FHA relative to private mortgage insurers. The hearing will be at 10am in room 2128 of the Rayburn House office building.
The hearing will likely cover the findings on a new Government Accountability Office (GAO) report issued March 7 that provides an overview of its work on the Federal Housing Administration’s single family mortgage insurance fund. The report, requested by House Committee on Financial Services Chair Jeb Hensarling (R-TX) and Subcommittee on Housing and Insurance Chair Randy Neugebauer (R-TX), provides a broad summary of issues related to FHA’s single-family mortgage insurance. The report includes summaries of FHA issues, including loan volume and market share; financial condition measures; underwriting and premium rates; oversight of lenders and appraisers; management of delinquent loans and foreclosed properties; risk assessment; workforce and information systems; and home equity conversion mortgages.