Items Tagged with 'Johnson-Crapo'


  • BPC discussion: Fannie, Freddie reform can happen but one step at a time

    Separate housing finance and housing policy
    Reform of the GSEs and housing finance may come, but it’s more likely to come in small bites rather than the big prix fixe Johnson-Crapo or the PATH Act. Republicans and Democrats agree on some things, like getting government out of housing finance outside of liquidity. But more? Read on.
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  • Housing won’t recover unless GSE, housing tax credit changes

    BPC Summit: The status quo is only going to make things worse
    The housing tax credit should be raised 50%, a balance must be struck between an affordable housing policy and restricting mortgage availability to qualified borrowers, and the GSE status quo cannot hold. All this, and more, is happening right now at the Bipartisan Policy Center housing forum in Sun Valley, Idaho.
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  • KBW: Plan to wind down GSEs will fail

    Analysts say GSEs' survival chances keep improving
    KBW’s analysts predict that the Treasury will eventually shift its focus from winding down the GSEs to seeking to unwind its investment in the companies. But the analysts said that this shift could take several years.
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  • Senior Treasury official: Recapitalizing GSEs would take 20 years

    Reiterates support for plan to wind down GSEs
    "Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least twenty years,” Treasury Under Secretary Mary Miller said. “During these 20 years, the taxpayer would remain at risk of having to bailout the GSEs during another downturn."
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  • MBA CEO: Future of housing held back by sick market

    David Stevens says the status quo is not an option
    The head of the Mortgage Bankers Association returned to a controversial term he used four years ago to describe the state of housing finance. Frustration over action — and inaction — in Washington last week was visible just beneath the surface of the remarks.
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  • What's next for Johnson-Crapo?

    Industry reacts positively; opponents say it's DOA
    With the GSE reform approval vote from the committee, the next move will be up to the Senate majority leader, who decides when or if to bring the bill to a vote in the full Senate. Reaction within the housing industry was largely positive.
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