Housing Finance (GSE) Reform Legislative Proposals and Blueprints

NMHC Proposals

Federal Housing Finance Authority (FHFA) GSE "Strategic Plan"

Obama Administration Blueprint for Reform

House GOP Bills (Piecemeal Legislation)

House GOP Bills (Comprehensive Reform)

  • Private Mortgage Market Investment Act (H.R. ____)
    Sponsored by Rep. Scott Garrett (R-NJ), would create a robust private market for single-family housing finance by tasking the Federal Housing Finance Agency (FHFA), the current GSE regulator, with developing and enforcing standards for all residential mortgage-backed securities.  The measure is aimed at eliminating the federal role in guaranteeing mortgage finance.

  • GSE Bailout Elimination and Taxpayer Protection Act (H.R. 1182)
    Sponsored by Rep. Jeb Hensarling (R-TX), would wind down the GSEs and completely privatize the housing finance system over the next five years. 

Senate Bills

  • Mortgage Finance Act of 2011 (S. ____)
    Sponsored by Senator Johnny Isakson, would wind down Fannie Mae and Freddie Mac and create a new regulatory framework for high-quality mortgage securitization for both single-family and multifamily mortgages.

  • GSE Bailout Elimination and Taxpayer Protection Act (S. 693)
    Sponsored by Senators John McCain (R-AZ) and Orrin Hatch (R-UT), would wind down the GSEs and completely privatize the housing finance system over the next five years.

 Treasury Department Call for Public Comment on GSE Reform

 Portfolio Limits

 Affordable Housing Goals

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