OFHEO Report on Fannie’s Management and Accounting Problems Ignite Efforts to Enact GSE Reform Legislation
The Office of Federal Housing Enterprise Oversight this week announced that on May 23 it will release a long-awaited report on the management and accounting problems at Fannie Mae, fueling speculation that lawmakers will resume efforts to reform the government-sponsored enterprises. Staff on the Senate Banking, Housing and Urban Affairs Committee say the OFHEO report on Fannie Mae was one thing lawmakers wanted to review before proceeding with GSE reform legislation. The Senate committee cleared…