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| COLLABORATING FOR A SUSTAINABLE HOUSING INDUSTRY It's been a decade since the housing crisis of 2008. As the present administration looks at rolling back some of the more stringent regulations that were introduced during that time to protect homes and homeowners, the regulatory framework is also undergoing a fresh round of thinking to improve its checks and balances while making sure they don't limit access to credit and inhibit economic growth. As these changes take place, it is time for the industry to engage in an open dialogue with policymakers on some of the most pressing issues of the day in housing and housing finance. The Five Star Government Forum in Washington D.C. is a platform for such an interaction. "A collaborative working relationship between regulatory agencies and the industry promotes understanding and ultimately benefits homeowners," said Ed Delgado, President, and CEO of the Five Star Institute. "The Five Star Government Forum facilitates the growth of those relationships by bringing together interested stakeholders to promote the exchange of ideas and best practices." To be sure, housing and housing finance reforms, especially for the underserved. were on top of the agenda for many of the speakers at the forum. "I think the most important thing to understand is that the only reason for the government to be involved in the housing finance system is to help low- and medium-income families buy homes," said Peter J. Wallison, Senior Fellow and Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute. Wallison was one of the keynote speakers at the Forum. He has also held several prominent positions in the federal government, including serving as White House Counsel to the President of the United States as well as General Counsel for the United States Department of Treasury, where he played a significant role in the development of proposals for the deregulation of the financial services industry. Another keynote speaker at the Forum was the Hon. Edward DeMarco, President of the Housing Policy Council Financial Services Roundtable. He served as the acting Director of the Federal Housing Finance Agency (FHFA) immediately following the crisis from 2009 to 2014 overseeing the conservatorship of the GSEs. Speaking on the need for the discussion around affordable housing, DeMarco said, "With affordable housing, the discussion is certainly developing. We're seeing some new ideas emerging about how to encourage sustainable homeownership that's affordable to folks." The list of speakers also included influencers among industry professionals and peers who have played integral roles in providing quality leadership to the federal government and the mortgage industry. They included:
Original Source: DS News |
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