Proposal Focuses on Affordability Aspect of GSE Reform
June 2, 2017
Two major organizations, the Bipartisan Policy Center and the American Bankers Association, have both weighed in on GSE reform in recent weeks. The Bipartisan Policy Center released a brief late this week focusing on improving access and affordability in housing finance reform that is not dependent on any one structure or future role for the GSEs. It also wants to make sure that the government guarantee remains. “It is this guarantee that forms the basis of the obligation to ensure that the benefits flowing from the government backstop are as broadly available as possible, consistent with safety and soundness and taxpayer protection,” said Michael Stegman, a BPC fellow and author of the paper.