Experts: Momentum Building on GSE Reform But Will Take Years
November 8, 2013
Congress is making an important start on GSE reform but a final, tangible product may not come to fruition for several more years, according to Capitol Hill insiders. Speaking at the Mortgage Bankers Associations annual convention in Washington, DC, last week, former House Financial Services Committee Senior Counsel Michael Borden and former Senate Banking, Housing and Urban Affairs Committee Staff Director Dwight Fettig agreed its a virtual certainty that a final reform bill will not materialize during the 113th Congress.