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Rep. Hill Statement on Release of New FHFA Strategic Plan for Fannie Mae, Freddie Mac

Statement

Date: Oct. 28, 2019
Location: Washington, DC
Issues: Government Budget and Spending Housing and Property

Today, Congressman French Hill (AR-02), Ranking Member of the House Financial Services Subcommittee on National Security, International Development, and Monetary Policy, released the following statement after the Federal Housing Finance Agency (FHFA) announced a new strategic plan for the future of the government-sponsored enterprises, (GSEs) Fannie Mae and Freddie Mac:

"I'm pleased that the administration, including FHFA Director Mark Calabria, is signaling its willingness towards taking meaningful action on long overdue housing finance reforms. Today's release of the FHFA 'scorecard' is a positive step towards enacting measurable goals that will ensure Fannie and Freddie are heading away from federal control. Ultimately, the failed GSEs will require a complete restructuring, private sector enhancement, and more secondary market competition to evade the current oligarchy which can limit options available to homeowners. These actions are essential to protecting taxpayers and ensuring they are not on the hook for another bailout."


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