The Federal Reserve, the Securities and Exchange Commission and four other regulators will write this so-called qualified residential mortgage regulation.
Another major issue, Moskowitz said, is the push for the restructuring of Fannie Mae and Freddie Mac, the government- sponsored enterprises that buy and back mortgages to provide liquidity in the market.
Together, those companies and the Federal Housing Administration, a government agency that insures about 15 percent of mortgages, either own or guarantee more than 90 percent of home loans in the U.S.
The Obama administration is finishing a proposal to maintain a government safety net for housing finance while allowing private capital to take on the up-front risk. A date for the plan’s release hasn’t been set. Meanwhile, Republicans and Democrats in Congress are preparing to introduce bills next year to wind down Fannie Mae and Freddie Mac.