Freddie Mac-No Politics (FMCC)

[FOFreddie]

Senate Banking Committee held another Hearing on August 2nd.

https://www.banking.senate.gov/hearings/the-rent-eats-first-how-renters-and-communities-are-impacted-by-todays-housing-market

Last Paragraphs of Senator Toomey's Written Statement:

"We should get the GSEs out of the business of subsidizing single-family
home investors. And we should keep the GSEs focused on their
affordability missions by keeping them out of social policy.
Meanwhile, I hope the administration will finally engage on reform.
Treasury has still not met its obligation to deliver a housing reform plan to
Congress—it’s now 10 months overdue.
Instead of pushing a reckless tax-and-spending bill, the administration
should look to opportunities for bipartisan legislation—like housing finance
reform—that relies on free enterprise—not government—to make housing
affordable for all Americans, whether they own or rent"

Diane Yentel of the National Low Income Housing Coalition was a witness. She is an Admin Action player. Have not listened to hearing yet but wanted to share.