Volume 2014 - Number 43
November 14, 2014
DeMarco: Only Congress, President Can Abolish GSE Charters, Advance Lasting Housing Finance Reform
Fannie Mae and Freddie Mac and the government-sponsored enterprise model are flawed beyond repair, so expect comprehensive housing finance reform to remain stalled until lawmakers and the chief executive take action, according to the former head of the Federal Housing Finance Agency. Speaking at an American Enterprise Institute forum this week, former FHFA Acting Director Edward DeMarco, now a housing fellow at the Milken Institute, said the structure of the GSE conservatorships and the Treasury support agreement backing them requires Congressional intervention. “The answer to the question ‘what happens next?’ is...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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