NAR Statement for the Record: Senate Banking Committee Hearing "Principles of Housing Finance Reform"
Issue Date: June 29, 2017
115th Congress
Senate Committee on Banking, Housing, and Urban Affairs
NAR believes that while the housing industry has generally improved since the financial crisis, REALTORS® recognize that the current conservatorship of Fannie Mae and Freddie Mac (Enterprises) is unsustainable. REALTORS® also strongly believe that policymakers need to address the mounting risks and challenges facing the secondary mortgage market and overall housing market, which could have a severe impact on taxpayers and American households’ ability to access affordable mortgage credit.