Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

"We believe that the current state of conservatorship has provided stability, but policymakers and stakeholders need to continue to work together on the important efforts to advance housing finance reform through a legislative solution," said the letter from the American Bankers Association, Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors and the National Housing Conference.

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