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Investments

CFPB, housing take center stage in Congress

House, Senate both reviewing CFPB; Investors Unite converge

stormy congress
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It’s going to be a busy morning in Washington D.C. on the housing front on Tuesday.

The morning kicks off with a breakfast and forum discussion hosted by Investors Unite on Solutions for U.S. Housing Policy and preserving homeownership.

It will be hosted at the Dirksen Senate Office Building starting at 7:30 a.m. ET.

Joshua Rosner, bestselling author of Reckless Endangerment and one of the nation's foremost housing experts, will make a presentation on how to move forward on housing reform and what are the consequences of getting housing reform wrong.

As part of his remarks, he will critique the recent efforts in Congress to reform Fannie Mae and Freddie Mac.  Additionally, the panel will have a wider discussion on the role of Fannie and Freddie in preserving the dream of American homeownership.  

Investors Unite opposes any of the GSE reform measures that doesn’t protect the rights of shareholders, who have still not been paid profits on their investments even though the GSEs have paid back all the taxpayer bailout money.

No word if Carl Icahn will be there (unlikely) but HousingWire will have real-time coverage.

Starting at 9:30 a.m. just down the street, Consumer Financial Protection Bureau director Richard Cordray will appear before the Senate Banking Committee, in his semi-annual report to Congress. (A little ironic since Cordray has said the CFPB doesn’t report to Congress.) 

Likewise, HousingWire will have real-time coverage.

Finally, the House Financial Services Committee meets starting at 9 a.m. for a markup of several measures that would affect the CFPB, including how it reports to Congress (see above), its transparency, and its makeup.

HousingWire will be all over that too.

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