Rep. Neugebauer says government is hindering housing market

01/24/2011 | Hill, The · Housing Wire

Rep. Randy Neugebauer, R-Texas, said that the government should not try to prevent foreclosures, as it is just prolonging the inevitable for many struggling borrowers and impeding the housing market. "All these foreclosure mitigation initiatives we're taking need to stop," he said. Along with Rep. Jeb Hensarling, R-Texas, Neugebauer is emerging as the voice of the right in terms of housing finance and the establishment of the Consumer Financial Protection Bureau.

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Hill, The · Housing Wire

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