Fannie Mae-No Politics (FNMA)

[IowaFam]

Filed in Advocacy, Housing Finance on February 19, 2014

In her first time testifying before Congress as Federal Reserve chair, Janet Yellen said that “government funding remains critical to the mortgage sector.”

“With respect to GSEs (Fannie Mae and Freddie Mac), it is important for Congress to put in place a new system to address GSE reform. We still have a system that has systemic risk. The government funding remains critical to the mortgage sector and I think to really get housing back on its feet it’s important for Congress to put in place a new system and to explicitly decide what role the government should (have) in helping the housing sector.”

Any thoughts?