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April 15, 2014

GSEs Will Comply with Chicago's Vacant Property Rule But Not Pay Under Settlement by FHFA

By Charles Wisniowski

The FHFA and Chicago settled a legal battle that started in November 2011 regarding maintenance and fees for vacant properties.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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