Industry Heads Agree on Explicit Government Guarantee for Fannie and Freddie

Mortgage News Daily, Nov. 3, 2017–Jann Swanson
MBA President and CEO David Stevens said calls to simply recapitalize the GSEs and allow them to operate without structural changes are misguided. Such plans could be reversed by future FHFA directors and “likely embolden those who seek private profit at the expense of sound public policy.”