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Volume 14 - Number 10

May 16, 2014

Senate Committee Barely Votes Out GSE Reform Bill, Floor Vote Unlikely

An ambitious, bipartisan mortgage reform bill that would wind down Fannie Mae and Freddie Mac while repurposing the Federal Housing Finance Agency limped out of the Senate Banking, Housing and Urban Affairs Committee. The measure is expected to die waiting for a floor vote that will never occur. The committee voted 13 to 9 to report out a revised version of S. 1217, the Housing Finance Reform and Taxpayer Protection Act.

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Should any GSE reform bill from Congress be based on the concept of preserving Fannie Mae and Mac and their existing operations?

GSE reform won’t happen in my life time.

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