From HW Magazine
GSE reform moves forward, albeit slowly
In early August, President Obama reminded lawmakers of their consensus to wind down Fannie Mae and Freddie Mac. He was talking before a gathering in the apt surroundings of Phoenix. The choice of location — at a construction company no less — was clearly no accident. The Arizona desert city was a poster child for the housing crash that enveloped the U.S. in 2008. These days, the president said, the Phoenix metro area is experiencing one of the nation’s most rapid housing recoveries.