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NAHMAnalysis on Legislation Seeking to Reform the Housing Finance Industry

A NAHMAnalysis that provides a summary of several housing finance reform bills in Congress is now available at

On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA) announced that the home mortgage giants Fannie Mae and Freddie Mac would be placed into conservatorship. As mortgage defaults spiked, these government sponsored agencies (GSEs) had a combined loss of nearly $15 billion, and there were serious market concerns about their ability to raise capital. The Treasury Department committed $200 billion in preferred stock to keep the two GSEs solvent. Placing the GSEs into conservatorship helped prevent an all out collapse of the U.S housing market, but now members of Congress are working towards legislation that would eventually close the GSEs and bring substantial reform to the industry.

This NAHMAnalysis will describe several competing reform proposals and the affordable housing goals that may be lost in the transition.

To read this NAHMAnalysis, please click here

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