The House Financial Services Committee's capital markets subcommittee is planning a series of hearings starting Wednesday on the future of the housing finance system.

This week's hearing will focus on the work of the Federal Housing Finance Agency and the condition of Fannie Mae, Freddie Mac, and the Federal Home Loan banks and feature testimony from Edward J. DeMarco, the agency's acting director.

Future hearings will examine the role and regulation of mortgage insurance, the housing finance systems of other countries and the structure and function of guarantee fees.

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