Committees in both chambers of Congress will hold hearings this week on mortgage-related matters.
The ceremonies kick off Tuesday, with a Senate Banking Committee hearing titled ‘Housing Finance Reform: Should There Be A Government Guarantee?’ Appearing before the committee will be Peter Wallison, a fellow with the American Enterprise Institute; Adam Levitin, a law professor at Georgetown Law Center; and Dwight Jaffee, a real estate and finance professor at the University of California, Berkeley.
On Wednesday, the Senate Banking Subcommittee on Housing, Transportation and Community Development Subcommittee will hear new ideas for refinancing and restructuring mortgage loans. Mortgage Bankers Association President and CEO David H. Stevens is currently the only witness listed for the panel, according to the committee's website.
In the House, the House Financial Services Subcommittee On Insurance, Housing and Community Opportunity will hold a hearing Wednesday to examine oversight of housing counseling activities performed by the U.S. Department of Housing and Urban Development (HUD) and NeighborWorks America. Among the panelists listed are officials from HUD and NeighborWorks America, as well as an official from the U.S. Government Accountability Office and Peter H. Bell, president of the National Reverse Mortgage Lenders Association.