WASHINGTON, DC-The report notes that GSEs had a limited impact on affordable housing--and dissuaded some private sector mortgage companies from entering the market.
By Erika Morphy|December 27, 2010 at 02:27 PM
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.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
CRE professionals are relying more on data and analytics to drive decision making. Discover how alternative data sets provide a competitive edge on everything from choosing the best location for your next development opportunity to optimizing existing real estate footprints.
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.