FHFA concerned about White House housing plan

"FHFA raises concerns about White House's approach to housing.... ...Officials at the Federal Housing Finance Agency, the regulator of Fannie Mae and Freddie Mac, are voicing concerns about whether the government should continue to play a significant part in housing. FHFA Acting Director Edward DeMarco said he is unsure about the White House's strategy for overhauling housing finance. "Recently there has been a growing call for some form of explicit federal insurance to be a part of the housing finance system of the future," DeMarco said in prepared testimony for the House Financial Services Committee. "The potential costs and risks associated with such a framework have not yet been fully explored...."" - The Washington Post (9/15)