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The U.s. Treasury Department
The Financial Stability Oversight Council said it’s time for Congress to take on housing finance reform, saying regulators ability to enact housing reform has grown limited.
The FSOC made the statement in its 2016 annual report in which it outlined 12 issues that warranted further action from Congress—the country’s housing finance system being one of them, HousingWire reports.
“While regulators and supervisors have taken great strides to work within the constraints of conservatorship to promote greater investment of private capital…federal and state regulators are approaching their limits to enact wholesome reforms that foster a vibrant, resilient housing system,” the report states. [HW]
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