The National Association of REALTORS® presented its ideas for reforming government sponsored entities (GSEs) Fannie Mae and Freddie Mac last week at its Housing Finance Reform Policy Forum in Washington, D.C.
Dr. Susan Wachter, professor of real estate and finance at the University of Pennsylvania, and Dr. Richard Cooperstein, head of risk management at Andrew Davison and Company, spoke about secondary finance that includes housing accessibility and affordability, minimizes costs to consumers and protects taxpayers, NAR reported.
“This vision is the result of years of research and collaboration between NAR, our members, our friends in the industry and countless policymakers who have been influential in this arena,” said NAR President John Smaby. “Our hope is that this research will help provide Congressional leaders and administration officials with a credible, deliberate framework as they work to secure reforms that will benefit taxpayers, consumers and the American economy. Ultimately, ensuring the GSEs continue providing liquidity and stability in the mortgage market remains NAR’s priority during these discussions.”