Posts Tagged ‘GSE Reform’
Modernizing financial regulatory systems is one of the most important steps the Trump Administration can take to promote economic growth, opportunity and investment, the Financial Services Roundtable (FSR) said in reaction to an executive order the Administration released today.
Washington, DC— The President and Congress should make housing finance reform that winds down Fannie and Freddie a priority this Congress, said the Financial Services Roundtable (FSR) following President Obama’s speech today on housing, including an announcement that the Federal Housing Administration (FHA) will lower its annual mortgage insurance premiums.
Reforming our nation’s housing finance system is critical to preserving the American Dream of homeownership and elements like the 30-year fixed rate mortgage that give Americans the chance to buy a home.
Financial Services Roundtable CEO Tim Pawlenty discusses the after-effects of Dodd-Frank, the need to find regulatory balance between providing protection and hindering economic activity, concerns over the Johnson-Crapo GSE reform proposal, and more.
Fannie Mae and Freddie Mac could potentially cost the American taxpayers as much as $190 billion if the economy takes a severe downturn, according to their regulator, the Federal Housing Finance Agency (FHFA).