Caution: GSE reform could have serious unintended consequences
HousingWire - May 26, 2015 - May 27, 2015
By Joseph Murin
The role of the government sponsored enterprises, Freddie Mac and Fannie Mae, in combination with government-owned corporation Ginnie Mae, has been fairly straightforward for decades: ensure that capital flows freely to American mortgage lending markets so that the American dream remains achievable for all.
While most now consider the GSEs to provide an implicit guaranty, as opposed to Ginnie Mae’s explicit guaranty, all three play a critical role in making mortgages available to many Americans who otherwise might not be able to afford a home.
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