Freddie Mac-No Politics (FMCC)

[tuzedaze]

"I would urge this Committee to not pursue a path of housing finance reform that relies on PLS providing the backbone of the market. If housing finance reform relies on the PLS market
to provide the financing for American’s homes, we will witness a nationwide decline in home prices unless the PLS market somehow figures out how to generate trillions in financing that it
never has previously provided."


Adam J. Levitin - Professor of Law at the Georgetown University Law Center, in Washington, D.C.,

Professor levitin teaches courses in structured finance, consumer finance, bankruptcy, contracts, and commercial law. Housing finance and securitization is a major focus of his scholarship.

http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=89141657-5cb2-41f3-b987-4d9b8a848ee8