Op-Ed: Remember GSE Reform?

Weekly Real Estate News, July 17, 2023–Phil Hall
On July 30, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 (HERA), which established the Federal Housing Finance Agency (FHFA). One provision of that act gave the FHFA authority to place its regulated entities into conservatorship or receivership. Less than two months later, the government-sponsored enterprises (GSEs) were placed in federal conservatorship – and 15 years later, they are still there.
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