RiskSpan Supports Direction of BPC Housing Commission Report
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The Bipartisan Policy Center (BPC) Housing Commission presented recommendations after a 16-month process of roundtable discussions and regional housing forums. The BPC Housing Commission members include former HUD Secretaries Martinez and Cisneros and former Ginnie Mae Presidents Robert Couch and Ronald Rosenfeld. A central theme conveyed in the commission's report is the reduction of the government's role in housing finance to that of a catastrophic backstop. The report is intended to re-establish the prominence of the national housing policy debate as the housing markets begin to heal from the great recession.
Congressman Randy Neugebauer (TX-19), Chairman of the House Financial Services subcommittee on Housing and Insurance, commented on the announcement by stating:
"It is vitally important that Congress work in a bipartisan fashion to reduce the federal footprint in housing finance by creating space for private capital. The Bipartisan Policy Council's Housing Commission has put forth some serious initiatives and I appreciate their work. I look forward to discussing these reforms as my subcommittee seeks to create a sustainable housing finance system."
As the housing markets show definitive signs of recovery, the unveiling of the Commission's report is timely. The BPC recognizes that a healthy, stable housing market is essential for a strong economy and a competitive America.
RiskSpan's Jones found the BPC event and discussion integral to the ongoing debate regarding the long term housing recovery. Jones said: "The efforts of the Housing Commission are to be commended. It is critical to ensure that taxpayers are not exposed to unnecessary risk and therefore we support the findings of the commission as it relates to reducing the government's role in single family housing finance."
As the industry moves forward in the debate of the government's role in housing, RiskSpan will continue to support efforts to create transparency in the mortgage markets and provide insight and analysis on critical issues of housing finance.
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