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FSR Submits Letter to Senate Banking Committee Leadership Outlining Proposals to Spur Economic Growth
FOR IMMEDIATE RELEASE
April 14, 2017

Housing Finance Reform
We also strongly believe that fixing our broken housing finance system will improve economic growth. Through The Housing and Economic Recovery Act of 2008, taxpayers covered $187 billion dollars in losses from Fannie Mae and Freddie Mac (GSEs), and the GSEs were placed into conservatorship. However, as a result of that bailout, the U.S. taxpayer is on the hook for virtually every mortgage made in America today. A transition from government conservatorship to a system that features more private capital is long overdue.


FSR Submits Letter to Senate Banking Committee Leadership Outlining Proposals to Spur Economic Growth - Press Release Point