The House Financial Services Committee’s senior Democrat is drafting her own legislation to reform the government-sponsored enterprises as an alternative to a Republican bill that was rammed through committee earlier this summer but is stalled getting to the House floor. During a speech this week at a meeting of the National Association of Federal Credit Unions, Rep. Maxine Waters, D-CA, said she is seeking industry input for her bill that would be “quite different” from the Protecting American Taxpayers and Homeowners Act, sponsored by Committee Chairman Jeb Hensarling, R-TX. Waters said...