Randall S Kroszner: Legislative proposals on reforming mortgage practices Testimony by Mr Randall S Kroszner, Member of the Board of Governors of the US Federal Reserve System, before the Committee on Financial Services, US House of Representatives, Washington DC, 24 October 2007. The original speech, which contains various links to the documents mentioned, can be found on the US Federal Reserve System’s website.
*  *  *  Chairman Frank, Ranking Member Bachus, and members of the Committee, I appreciate the opportunity to appear before you today, to discuss recent problems in the subprime mortgage market, Federal Reserve actions that address these developments, and potential legislative responses.