MHProNews has learned from nationalmortgagenews Idaho Republican Senator Michael Crapo, who is becoming the ranking member of the Senate Banking Committee, enumerates his top priorities in his new position as revising portions of the Dodd-Frank Act; paring down GSEs role in the mortgage industry and moving to a private sector solution; facilitate capital formation; and reform of the Federal Housing Administration (FHA). While Sen. Crapo has no personal objections to Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB), he does object to the recess appointment of Cordray, and to the structure of the CFPB.

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