Would One Mortgage Regulator Work?

" The housing crisis has caused a re-evaluation of the current system on a number of fronts, from how mortgages are serviced to lending to the government’s role in financial markets. One area in particular that’s come under intense scrutiny of late is financial regulation, and Uncle Sam has launched a number of efforts to overhaul the regulation of the financial system. With “panels” and “bipartisan commissions” being appointed at an increasing pace, does it make sense to have one regulator that oversees the efforts?"