A letter from 45 Congressmen that circulated in early March urging the Federal Housing Finance Agency and the Department of Housing and Urban Development to reform their nonperforming loan programs prompted two committee chairs to ask the agencies to reject the changes. They said the proposals are only “advancing political agendas.” Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee and Richard Shelby, R-AL, chairman on Banking, Housing and Urban Affairs Committee, penned a letter to the FHFA and HUD on March 21 stating that many of the changes suggested by housing advocates and Congress would negatively impact the program’s fundamental purpose.