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Re: bmp152 post# 168958

Friday, 01/10/2014 7:14:56 PM

Friday, January 10, 2014 7:14:56 PM

Post# of 802433
Yes. Without doubt, Eric Stein is strongly against a shareholder based approach with the GSEs and he favors a mutual ownership model and is stuck in that view at the moment. See the Senate Banking Committee testimony (October 29, 2013) and paper (October 28, 2013) below.

See: http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=d2009d11-5e7f-457c-8f2d-7cf028a48881 - beginning page 2

See: http://www.responsiblelending.org/mortgage-lending/policy-legislation/regulators/2013-crl-working-paper-on-gse-reform-a-framework-for-housing-finance-reform-oct-15pdf.pdf - beginning page 7