Prior to the unveiling of Rep. Jeb Hensarling’s (R-Texas) legislative proposal to reform the government-sponsored enterprises (GSEs), multiple industry advocacy groups wrote to congressional leaders urging them to codify measures imposed during the conservatorship of Fannie Mae and Freddie Mac.
Among the measures the organizations wish to see etched into law are those that have provided pricing parity across mortgage lenders, protected taxpayers from excessive risk, implemented a new single-family infrastructure in the secondary market and provided support for strong, sustained liquidity in the multifamily rental market.
Find out more details about what the organizations are advocating.