Fannie Mae-No Politics (FNMA)

[Blushing green]

You recently stated that, “We’ve got to get Fannie and Freddie out of government ownership. It makes
no sense that these are owned by the government and have been controlled by the government for as long
as they have… [W]e gotta get them out of government control.” Please explain what you meant by this
statement.

We should work on housing reform such that Fannie Mae and Freddie Mac do not continue in
conservatorship for the next four years. Any solution needs to make sure that we do not put the
government at risk again while making sure the solution provides necessary liquidity for housing.

15. What do you believe should be done with Fannie Mae and Freddie Mac?
What is your vision for housing finance reform?

As I have previously mentioned, I am in favor of a clear housing finance policy to benefit both
homeowners and renters. Important elements of my vision for housing finance reform include
increasing private sector participation and protecting taxpayers. The passage of over eight years
since entering conservatorship combined with the broad recovery in housing prices make this a
very good time to relook at the GSEs and adopt a clearer, long-term housing finance policy. I look
forward to having the opportunity to work with Congress on this important goal.