Most Federal Home Loan Bank observers are satisfied with a version of GSE reform that was approved by the full House late last month.H.R. 1461 would set up a new regulator for Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks. The Federal Housing Finance Agency would replace the current Office of Federal Housing Enterprise Oversight and Federal Housing Finance Board. But the new regulator...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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