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Volume 18 - Number 6

March 16, 2018

Next Steps If Housing-Finance Reform Legislation Doesn’t Happen

Most experts agree that passing housing-finance reform legislation in 2018 now looks improbable, leaving the immediate future of Fannie Mae and Freddie Mac in the hands of the Treasury Department and the Federal Housing Finance Agency. Researchers at the Urban Institute say that if legislation remains stalled, the two GSEs could be placed into receivership and reconstituted. Laurie Goodman, director of UI’s Housing Finance Policy Center, said Fannie and Freddie could be wound down within five years, under the Housing and Economic Recovery Act, and be replaced by new entities with no government backstop. She noted that this scenario would leave the fate of government support for the GSEs’ legacy mortgage-backed securities unclear.

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This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.



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With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.


Yes, but only incrementally.


We’re pondering a move into non-QM, but haven’t made up our mind.


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