Housing regulators on Thursday panned a proposal that would consolidate oversight of government-sponsored enterprises into one agency.

"We believe the existing structure is working well, and we see no compelling reason for change," Nicolas P. Retsinas, assistant secretary in the Department of Housing and Urban Development, told the House Banking Committee's capital markets subcommittee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.