Numerous financial trade organizations are hailing the Federal Housing Finance Agency’s (FHFA) recent proposal for reforming the housing finance system as further evidence of what they long have contended: the secondary mortgage market should incorporate private capital.
The FHFA recently published a report entitled, “Federal Housing Finance Agency Perspectives on Housing Finance Reform,” proposing that Fannie Mae and Freddie Mac should be reincorporated as private entities. FHFA Director Mel Watt also wrote to the Senate Banking Committee, detailing his views on the matter.
Find out which recommendations the agency outlined closely align with proposals published by the financial industry.