WASHINGTON - The banking industry appears to have fastened its last remaining hope for regulatory relief this year on the housing reauthorization bill.
House and Senate conferees were to meet today to resolve differences in the housing bills each body has passed, and the Senate delegation was reportedly ready to press for acceptance of a regulatory relief package.
That package would likely include industry-supported amendments, among them measures clarifying real estate appraisal and executive compensation requirements.
The amendments had been in the Senate version of a bill regulating government-sponsored enterprises. However, the House pulled its GSE bill from consideration after the Federal National Mortgage Association opposed it.