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GSE Updates

Mortgage News Daily

July 25, 2014

 

Do you think GSE reform is still a possibility? Snort. Congress currently has a 15% job approval rating, and of the 535 members of Congress (100 senators and 435 elected officials in the House of Representatives), 468 members (or 87% of Congress) are up for re-election on 11/04/14. With the August recess, and October campaigning where incumbents will try to convince us that it is everyone else’s fault, and then the lame duck period heading into the Holidays, it doesn’t leave politicians much time for action. So we can all look to the MBA, the FHFA, the CFPB, and others to help chart mortgage policy and reform.

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