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Delaney Wants Full Assessment Of Government-Sponsored Enterprises

June 14th, 2013 by WCBC Radio

Fannie Mae and Freddie Mac dominate the mortgage market, thanks to the advantages both have enjoyed as government-sponsored enterprises, academics said during a House Committee on Financial Services hearing on Wednesday. But, they added, history shows a private market is fully capable of running the show. While the outsize role that both GSEs play has led some to suggest that housing market cannot function without them, they said the anomaly is that no other developed country in the world has a government-sponsored enterprise similar to Fannie Mae or Freddie Mac. Maryland Sixth District Congressman John Delaney stressed that when evaluating the GSEs our analysis should include a full assessment of both the economic costs and benefits associated with our current housing model…


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