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Volume 14 - Number 15

July 25, 2014

House Democrat GSE Reform Bill Greeted With Praise, Suggestions

Reform legislation rolled out earlier this month by House Democrats that would phase Fannie Mae and Freddie Mac out of business while dramatically expanding Ginnie Mae’s role in the market has been positively received within the industry, but room for improvement remains. The Partnership to Strengthen Homeownership Act, H.R. 5055, sponsored by House Democrats John Delaney (MD), John Carney (DE) and Jim Himes (CT), has zero chance of gaining traction this year. However, the lawmakers said they are playing the long game with their bill, looking ahead to the GSE reform debate in the 114th Congress.

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Poll

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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