White House, Treasury, OFHEO, Sarbanes, Oxley Continue Priming the GSE Reform Pump as Time Drips Away
September 22, 2006
The scheduled Congressional adjournment on Sept. 29 is spurring renewed efforts to jar loose the stalled legislative effort to reform oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. But many observers remain skeptical a deal can be done this year. Sen. Paul Sarbanes, the ranking minority member on the Senate Banking, Housing and Urban Affairs Committee, is reportedly meeting this week with James Lockhart, the director of the Office of Federal Housing Enterprise Oversight...