Fannie-Freddie Reform Might Hinge on Keeping Small Lenders Happy

Bloomberg, July 20, 2017–Joe Light
On Thursday, a key Senate committee plans to hold a hearing on the nation’s system for funding home loans that will feature small lenders. On Wednesday, the Mortgage Bankers Association sent to lawmakers a letter signed by 110 small and midsize lenders supporting their plan, arguing that the bigger risk to small lenders without a law is that future regulators could reverse the protections they have now.