ORLANDO, FLA. - Officials from the Department of Housing and Urban Development reiterated their stance against the House of Representative's version of the GSE Regulation bill - which the House approved last week - at the Mortgage Bankers Association 92nd Annual Convention and Expo 2005 held here last week.

"Let me first say, that the House version is not the bill we can support," said Assistant Secretary for Housing Brian Montgomery in a speech delivered at the conference's third general session. Montgomery added that the Bush administration is committed to tightening GSE regulation and that the Senate version of the GSE bill is "what's best for all of us in the housing industry."

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