WASHINGTON - Federal Reserve Governor Lawrence B. Lindsey said Monday that the government must remain in the mortgage insurance business.

"I really don't think it is possible to do without a federal involvement," Mr. Lindsey said. "I think there is a natural market failure there."

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.