WASHINGTON, DC – February 14, 2011 – (RealEstateRama) — House Republican Conference Chairman Jeb Hensarling (R-Texas) today released the following statement on the Administration’s report on Housing Finance Reform.
“While I am pleased by the Administration’s issuance of a report on the GSEs and the future of housing finance, I don’t confuse ‘reports’ with ‘plans.’ The Administration’s report offers several options for long-term housing finance reform, the first of which would transition to a very limited role for the taxpayer in housing finance, similar to my own proposal for reform. I hope that the Administration chooses to pursue that particular path.
“I am flattered that the Administration has included in their report several components of legislation that I have been advancing since 2008 and plan to reintroduce in this Congress. There is only one option for housing finance reform that it acceptable – ending the taxpayer funded bailouts at Fannie and Freddie, and returning to a competitive housing market.
“I am hopeful that this report will move the GSE debate from ‘if’ to ‘when and how’ we transition the taxpayer out of the secondary mortgage market.”
The House Republican Conference Press Office at (202) 226-9000 or
Shannon McGahn ()