Housing Policy Council Relaunching as an Independent Trade Association
For Immediate Release: July 26, 2018
WASHINGTON, DC - The Housing Policy Council (HPC) is relaunching as an independent trade association. HPC’s Executive Council, composed of member company CEOs and mortgage directors, met in June to approve the establishment of HPC as an independent organization, reaffirming HPC’s advocacy role in housing and housing finance policy.
HPC will continue to represent a diverse array of the largest companies in the housing finance marketplace, including major national and regional mortgage lenders and servicers, providers of mortgage and title insurance, and technology and data service firms. Established in 2003 by members of the Financial Services Roundtable, HPC has focused on the critical housing finance issues affecting market structure, competitiveness, access, and transparency. Today, these issues continue to be the subject of serious public discussion in Washington DC and HPC will remain a lead contributor to this important policy dialogue.
“We are very excited to continue our policy advocacy, not just on behalf of our diverse members who are the leaders in all key segments of the mortgage industry, but also on behalf of competitive and vibrant market support for successful homeownership,” HPC’s President Edward DeMarco said.
HPC’s Executive Council endorsed the association’s independence as a natural evolution for HPC, a move that reasserts the role and impact of HPC. HPC Chairman, Todd Chamberlain of SunTrust said, “As a major regional bank, we value the opportunity to discuss housing finance issues that affect our mortgage business and we benefit from the broad perspective provided by our colleagues in all sectors of the industry.”
Mike Weinbach, CEO of Chase Home Lending, said “We think it’s important to interact with key thought leaders in the industry to advance innovative solutions for customers. HPC is a valuable forum for those efforts.”
Kurt Pfotenhauer, Vice Chairman of First American Title Insurance added “HPC has a strategic focus on the key issues affecting home buyers and the companies that serve them.”
HPC will continue to advocate in support of Federal Housing Administration (FHA) modernization, housing finance reform that increases private capital and enhances competition, and innovation and technological advances across the housing finance system to improve risk management, generate efficiencies, and improve the consumer experience. HPC is also continuing its relationship with the HOPE NOW Alliance, the voluntary industry and non-profit effort to assist homeowners in difficulty.
HPC is led by its President Edward DeMarco, the former Acting Director of the Federal Housing Finance Agency (FHFA) who has had a long federal career in housing finance and financial institutions policy. HPC’s offices are at 1750 K Street, N.W., Washington, DC.