X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-In 2011, Congress and the Obama Administration are expected to tackle the issue of the GSEs. A recently-released report from the Congressional Budget Office provides reasons for both left- and ring-wing politicians to consider alternatives from Fannie Mae’s and Freddie Mac’s current structure by debunking two assumptions. One is the belief that the GSEs have, at net, aided the availability and cost of affordable housing. The other is that they have not displaced private mortgage origination activities. Not so in either scenario, says the CBO, which found the GSEs had only a limited effect on affordable housing and, via its federal guarantees, reduced the incentives for mortgage originators to make risky loans.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.