NAR’s Proposal to Restructure Fannie/Freddie


Posted To: MND NewsWire

The second proposal for reform of the housing finance system in a week was just introduced by the National Association of Realtors® (NAR). Their “vision” for reform is centered on Fannie Mae and Freddie Mac (the GSEs). The future of the two companies, in federal conservatorship since 2008, barely got a mention in the outline for reform legislation released a few days ago by Mike Crapo (R-ID), chair of the Senate Bankin Committee. NAR unveiled its proposal, developed in collaboration with Susan Wachter, the Albert Sussman Professor of Real Estate and Professor of Finance at The Wharton School of the University of Pennsylvania, and Richard Cooperstein, head of Risk Management at Andrew Davidson and Company, Inc., before a sold-out forum audience of 400 on Thursday. The proposal says the GSEs…(read more)

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