While lawmakers continue to mull over the multitude of plans for housing finance reform, small lending institutions said a complete overhaul of the secondary market is unnecessary. In fact, they said it would make things too complicated. Representatives from community banks spoke during a Senate Banking, Housing and Urban Affairs hearing last week focused on GSE reform. There was consensus among the community banks that there’s no need to add more guarantors in addition to Fannie Mae and Freddie Mac in the name of competition. They said doing so would just increase the regulatory burden.