There's a perfect storm going on in Washington D.C. right now.

Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power in and around Capitol Hill just opened up. Or, they’re about to be up for grabs.

The Federal Reserve, the Federal Housing Administration, the Federal Housing Finance Agency, the House Financial Services Committee and, most recently, the Consumer Financial Protection Bureau are all about to have new leaders.

Besides the Department of Housing and Urban Development and the Senate Banking Committee, that is practically all the major parts of the government that have a hand in the future of mortgage finance. And President Donald Trump will appoint of all these new leaders, excluding the next chairman of the Financial Services Committee.

In a blog post from Ballard Spahr, Alan Kaplinsky posed the question, "Can President Trump appoint an acting director upon Cordray's departure?"

Read the full article here. Subscription may be required.

Related Practice