Capital Markets Subcommitte

Congress Begins Hearings on GSE Reform HW+

With much talk in Washington about reforming the budget and cutting costs, the Government Sponsored Entities (GSEs), Fannie Mae and Freddie Mac have been in the cross hairs of legislators on both sides of the political isle. Capital Markets Subcommittee Chairman Rep. Scott Garrett has announced hearings will begin with the Subcommittee on Wednesday, February 9th. The goal of the hearings, according to Rep. Garrett is to examine what Congress can do right now to protect homeowners from the cost of the bailout of the two GSEs.  "With a price tag of $150 billion and counting," Garrett said, "Congress