Donovan told HUD must be more active

(WASHINGTON, D.C)- HUDSecrctary Shaun Donovun agreed at his Senate confirmation hearings that the government could do more to ease the mortgage crisis and promote affordable housing. Senators criticized HUD' s role in the Hush administration as being lackluster and said HUD's new leadership needed 10 be more aggressive in addressing the mortgage crisis.

Among those participating in the hearings was Senator Mel Martinez, RFlorida, who served as H U D secretary during the Bush administration before resigning to run for office.

Martinez suggested Donovan reel in Fannie Mae and Freddie Mac with tighter regulation and demand that the GSEs become more transparent in the way they operate.