With topics like the Supreme Court and COVID-19 dominating the election news cycle, the future of housing finance reform has received relatively little attention outside of the industry. Given its economic importance, though, that situation is likely to change soon. While there are few details from the Biden camp, the Trump administration has been working to build private capital at Fannie Mae and Freddie Mac, aiming to end the companies’ 12-year government conservatorship.
FHFA Issues Final Rule Mandating Fannie, Freddie Living Wills
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Housing Finance Reform: Sen Toomey Outlines Guiding Principles
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the root of the entire economic turmoil we ve seen over the last two years once the housing bubble burst. going back three years ago this month the president first laid out a housing reform plan in mesa, arizona, promised he was going to help several million people. in fact officials admit it s under a million people who have been helped to stave off foreclosure ordeal with the fact that their mortgages are underwater. a new plan today from the president in northern, virginia, stressing that he wants to help people take advantage of these historically low interest rates and try to refinance, also wants a homeowners bill of rights that will make it more simple, all the paperwork that is attached to these kinds of transactions. take a listen to the president. i am sending congress a plan that will give every responsible homeowner in america the chance to save about $3,000 a year on their mortgage by refinancing at historically low rates.