Here We Go Again on Housing Reform. Is This Time Any Different?

Posted To: MND NewsWire

There was a flurry of rumors and a bit of a bull market around the Freddie Mac and Fannie Mae stock a few weeks ago after Federal Housing Finance Agency (FHFA) acting director Joseph Otting told FHFA staff that the agency would soon announce plans to remove the Freddie and Fannie (the GSEs) from conservatorship. It has been crickets since except for a recent statement from the White House that it would be releasing a comprehensive framework for housing finance reform "shortly," but that no decisions had been made regarding its substance. Now the Senate is stepping up . Senate Banking Committee Chairman Mike Crapo (R-ID) said he is making housing finance reforms a key focus area for the committee and on Friday released an outline he said any reform legislation should follow. "The outline incorporates...(read more)

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from Mortgage News Daily http://bit.ly/2B9yB8j