December 15, 2017
ICYMI: Fannie Mae, Freddie Mac Must Be Reformed
AAF President Douglas Holtz-Eakin and Director of Financial Services Policy Meghan Milloy discuss the need for reforming government-sponsored enterprises in an op-ed for BankThink. See an excerpt below:
The financial crisis that spurred the Great Recession hit nearly a decade ago. But to date, nothing has been done to meaningfully reform some of the main drivers of the crisis. That may change next year, as key members in both the House and Senate begin to discuss what to do with government-sponsored enterprises Fannie Mae and Freddie Mac. GSE reform proposals run the gamut from comprehensive reform of the entire housing finance system to restoring the original status of the GSEs. With this backdrop, what are the sensible options for the future of the GSEs?
Click here to read the entire article.