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Volume 18 - Number 5

March 2, 2018

AEI Proposal Seeks to Wind Down GSEs Without Legislation

In the latest proposal for reforming the GSEs, the American Enterprise Institute this week recommended winding down Fannie Mae and Freddie Mac by way of “administrative action” to make room for the private market. The conservative think tank said a government guarantee for mortgage-backed securities is not necessary for an effective housing-finance system. Noting that the term of Federal Housing Finance Agency Director Mel Watt expires in January 2019, AEI said many of its recommendations could be implemented by whomever President Trump taps to take over the agency. “This is important since Congress has been unable to develop or agree on a workable housing-finance system since the financial crisis nine and a half years ago,” said AEI.

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What’s your opinion on how Mick Mulvaney has managed the CFPB since he took over three months ago?

He’s done a good job of paring back the agency’s excesses and we’d like to see more.
I hope he totally dismantles the agency and sends those functions back to the agencies hence they came.
Not bad, but he needs to take his time making additional changes.
We’re totally aghast. He’s gone way too far in protecting the rights of companies not consumers!

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