Tag Archives: Jack Lew

During his testimony this week before the full House Financial Services Committee, U.S. Department of Treasury Secretary Jack Lew stated when asked about GSEs and the conservatorship that the system should be restructured, but the time was not right for the conservatorship to end. Lew was testifying before the House Financial Services Committee on the 2015 Annual Report of the Financial Stability Oversight Council (FSOC).

The step of setting aside a portion of GSE profits for capitalization of a cash window would achieve the goal of reducing taxpayer risk through risk sharing while preserving full small lender access, according to the letter. CHLA first addressed the subject last year in a letter to FHFA last July.

Investment banker Antonio Weiss, President Barack Obama's nominee for the position of U.S. Treasury Undersecretary, has withdrawn himself from consideration for the position, according to multiple media reports.

The Treasury Department announced Thursday new efforts by the Obama Administration to further stabilize the housing market. During his remarks at the Making Home Affordable (MHA) Fifth Anniversary Summit, Secretary Jack Lew announced an extension of the MHA program for at least one year and a new effort to help jump-start the Private Label Securities (PLS) market.