Homeownership and the Role of the Secondary Mortgage Market (EventID=118949)

Video Description

Connect with the House Financial Services Committee » Get the latest news: https://democrats-financialservices.house.gov/ » Follow us on Facebook: https://www.facebook.com/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ On Wednesday, February 11, 2026, at 2:00 p.m. (ET) Housing and Insurance Subcommittee Chair Congressman Flood and Ranking Member Congressman Cleaver will host a hearing entitled, “Homeownership and the Role of the Secondary Mortgage Market." ___________________________________ Witnesses for this one-panel hearing will be: • Mr. Edward DeMarco, President, Housing Policy Council • Mr. Michael Bright, CEO, Structured Finance Association • Mr. Robert D. Broeksmit, President and CEO, Mortgage Bankers Association • Dr. Norbert J. Michel, VP and Director, Center for Monetary and Financial Alternatives, Cato Institute • Dr. Sharon Cornelissen, Director of Housing, Consumer Federation of America ___________________________________ This hearing will examine the structure, function, and evolution of the secondary mortgage market and the role the government-sponsored enterprises have on housing affordability. Unlike the primary mortgage market where lenders originate mortgages directly to borrowers, the secondary market involves the selling of completed mortgages by loan originators to third parties in exchange for a fresh flow of capital. Doing so has several potential benefits for borrowers and the economy. First, secondary market sales create liquidity for loan originators who can use that capital to offer new mortgage loans in the primary market. Second, secondary market sales help to disperse mortgage risks across the broader financial market to counterparties willing and capable of managing those risks. Both of these benefits help to lower the cost and increase the availability of mortgage credit in our system. ___________________________________ #secondarymarket #mortgage #market #GSE #credit #loan #economy #housing #hud #housingsupply #manufacturedhousing #ruralhousing #insurance #treasury ___________________________________ Hearing page: