Search
 

MBA Seeks Re-Charter of GSEs

WASHINGTON, DC—The Mortgage Bankers Association outlined its vision of an end-state model for Fannie Mae and Freddie Mac in a paper issued on Tuesday.

By Paul Bubny | paulbubny | Updated on February 01, 2017

Exterior of MBA headquarters MBA headquarters in Washington, DC. (Photo: Vornado Realty Trust)

WASHINGTON, DC—The Mortgage Bankers Association on Tuesday called on Congress to re-charter Fannie Mae and Freddie Mac as part of the association’s approach to secondary mortgage market reform. MBA issued its recommendations in a paper titled “GSE Reform Principles and Guardrails” that’s intended to serve as an introduction to its position; more detail on the association’s vision for an end-state model for Fannie and Freddie, affordable housing strategy and recommended transition steps is expected to be provided in April.

“Comprehensive reform of Fannie Mae and Freddie Mac (the GSEs) remains the final piece of unfinished business from the financial crisis,” according to .the MBA paper. “Administrative reforms undertaken by the Federal Housing Finance Agency (FHFA) have made tremendous progress in stabilizing the companies while paving the way for future reform. Yet, the GSEs remain in conservatorship with no clear path forward. Over the years, various proposals introduced in both the House and Senate have yielded productive discussions but have stumbled for a variety of reasons, including complexity, fears of exacerbating the impact of credit or economic cycles, or the perceived lack of a sufficient affordable housing strategy.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.