Treasury Department Counselor Craig Phillips indicated Monday that the Trump administration is working on housing finance reform and plans to build on recommendations released in June. NAFCU has called on the administration to work with Congress to develop a comprehensive solution to reforming the housing finance system.
Phillips, who advises Treasury Secretary Steven Mnuchin, made the comments at the Mortgage Bankers Association’s annual conference in Washington. “We look forward to working with the next Congress and other stakeholders,” Phillips said, referring to the administration’s housing finance reform plans.
In response, NAFCU Senior Regulatory Affairs Counsel Ann Kossachev said NAFCU “supports the administration’s continued role in reforming our nation’s housing finance system.”
“Conservatorship was never meant to be a permanent solution after the crisis and it is now time to think seriously about the future of housing finance in America,” she added.
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