Battle Over GSEs May Be Looming In Congress

It may not have the same emotions attached as Obamacare, but the reform of Fannie Mae and Freddie Mac may get complicated because the administration’s plan is not specific in some areas, leaving the door open to many options, says an article on Mark Oesterle, former counsel to the Senate’s Committee on Banking, Housing, and Urban Affairs, said, “Any time you have a range of considerations, you will have complications that lead to an even more involved process.” He added there will be overlap between these GSEs and the Dodd-Frank Act that will attract lobbyists. On the other hand, there is specific reference to making affordable rental housing available, as well as maintaining the FHA for those not served otherwise.

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