Jul 28, 2010
NAR weighs in on future of GSEs
28 Jul 2010
Posted by VAR
President Obama is arranging a Conference on the Future of Housing Finance in August 2010, but NAR isn’t waiting to represent the Realtor position to federal officials. In comments submitted to the US Treasury Department and HUD, NAR went on record to state that reforms to the secondary mortgage market, widely anticipated to be created by Congress in late 2010 or early 2011, should meet two requirements:
- that some level of government involvement should continue, and
- that the restructure of Fannie Mae and Freddie Mac should occur in a manner that ensures the flow of capital continues to enter the mortgage market regardless of the state of the housing or mortgage market or overall economy.