{"id":541955,"date":"2010-04-23T11:58:44","date_gmt":"2010-04-23T15:58:44","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=83082"},"modified":"2010-04-23T11:58:44","modified_gmt":"2010-04-23T15:58:44","slug":"banks-down-fannie-and-freddie-to-go","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/541955","title":{"rendered":"Banks Down, Fannie and Freddie to Go"},"content":{"rendered":"<p>With Sen. Chris Dodd (D-Conn.) on the cusp of pushing his financial regulatory reform bill through Congress, the head of the Senate Banking Committee is looking forward to the next legislative fight, over housing and mortgage finance. This morning, Dodd said that the government-sponsored enterprises &#8212; Fannie Mae, Freddie Mac and the federal home-loan banks, which lost hundreds of billions of dollars in the housing bust and own or guarantee more than half of U.S. mortgages &#8212; need a major reform bill as well.<span id=\"more-83082\"><\/span><\/p>\n<p>In response to a question about the GSEs, Dodd <a href=\"http:\/\/thehill.com\/blogs\/blog-briefing-room\/news\/93983-dodd-fannie-and-freddie-have-to-be-addressed-in-next-wave-of-legislation\">said<\/a> they are in &#8220;desperate need of reform&#8221; this morning. &#8220;But  candidly there&#8217;s only so much I could only take on with this bill and  so that comes up. But not in this round. It&#8217;s in the next wave here we  have to deal with GSEs.&#8221;<\/p>\n<p>To this end, last week the Treasury Department <a href=\"http:\/\/www.ustreas.gov\/press\/releases\/tg639.htm\">released<\/a> a list of seven questions Washington will try to address with housing and mortgage finance reform. It is seeking the advice of housing market professionals and others, and asked the public to write in answers and attend town hall meetings on the subject this summer as well. The questions are:<\/p>\n<ol>\n<li>How should  federal housing finance objectives be prioritized in the context of the  broader objectives of housing policy?<\/li>\n<li>What role should  the federal government play in supporting a stable, well-functioning  housing finance system and what risks, if any, should the federal  government bear in meeting its housing finance objectives?<\/li>\n<li>Should the  government approach differ across different segments of the market, and  if so, how?<\/li>\n<li>How should the  current organization of the housing finance system be improved?<\/li>\n<li>How should the  housing finance system support sound market practices?<\/li>\n<li>What is the best  way for the housing finance system to help ensure consumers are  protected from unfair, abusive or deceptive practices?<\/li>\n<li>Do  housing finance systems in other countries offer insights that can help  inform U.S. reform choices?<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>With Sen. Chris Dodd (D-Conn.) on the cusp of pushing his financial regulatory reform bill through Congress, the head of the Senate Banking Committee is looking forward to the next legislative fight, over housing and mortgage finance. This morning, Dodd said that the government-sponsored enterprises &#8212; Fannie Mae, Freddie Mac and the federal home-loan banks, [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-541955","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/541955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=541955"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/541955\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=541955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=541955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=541955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}