The House Financial Services Committee has planned a full committee hearing Wednesday on the future of housing finance.

The hearing will examine proposals concerning the changing market structure of the real estate finance sector, including what to do with the government-sponsored enterprises, Fannie Mae and Freddie Mac.

Among those slated to testify are Michael Heid, the co-president of Wells Fargo Home Mortgage and the chairman of the housing policy council of the Financial Services Roundtable; Phillip Swagel, a professor at the McDonough School of Business at Georgetown University; Susan Wachter a financial management professor at the Wharton School at the University of Pennsylvania; Christopher Papagianis, the managing director of Economics21; and Michael Bodaken, the president of the National Housing Trust.

Also on the witness list are Ed Pinto, a real estate financial services consultant, Michael A.J. Farrell, the chairman, chief executive officer and president of Annaly Capital Management, Inc., on behalf of Annaly Capital Management and the National Association of Real Estate Investment Trusts' Mortgage REIT Council; and Tom Deutsch, the executive director of the American Securitization Forum.

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