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Home » Store » Inside FHA/VA Lending » White House GSE Reform Plan Won’t Materialize ‘Anytime Soon’

White House GSE Reform Plan Won’t Materialize ‘Anytime Soon’

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Don’t expect the long-awaited White House plan to wind down Fannie Mae and Freddie Mac “anytime soon,” an Obama administration official told lawmakers last week. Housing and Urban Development Secretary Shaun Donovan told members of the Senate Banking, Housing and Urban Affairs Committee that the administration has made “significant” strides toward bringing private capital back into the housing market without help from Congress. However, the GSE overhaul promised for the first of the year needs more work, he said.
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