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Former FHFA director addresses Fannie, Freddie
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Monday, September 8, 2014
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There has been no shortage of talk in Congress about what to do with Fannie Mae and Freddie Mac, as both Democrats and Republicans have proposed various pieces of housing reform legislation over the last year centered around what role the government sponsored enterprises (GSEs) should play in the U.S. market.
The GSE debate has been a hotly contested issue since Fannie and Freddie were placed into government conservatorship in 2008 under the Federal Housing Finance Agency (FHFA) after being left financially devastated in the wake of the housing collapse.
But now that the GSEs are back on their feet and turning huge profits, the talk of restructuring has been placed on the front burner again.
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