Recapitalization of Fannie and Freddie Less Likely – Housing Wire 12/16/15

December 16, 2015
by  Ben Lane

 

From today’s article in Housing Wire:  “On the other hand, Scott Olson, the executive director of the Community Home Lenders Association, said that the CHLA is ‘disappointed’ by the House bill.  ‘While the Community Home Lenders Association is disappointed that Congress has adopted so-called Jump Start language that will hamstring progress on GSE reform, we renew our call for an amendment to the Profit Sweep Agreement, so that the GSEs can build up reserves from their own profits, Olson said.  ‘We also call on the FHFA to use its authority as conservator to develop a GSE recapitalization plan, to present to Congress,’ Olson continued.”

Link to full article.

 

 

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