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Statement from NAHB Chairman Ed Brady on Housing Finance Reform Plan

WASHINGTON, D.C. – March 24, 2015 – (RealEstateRama) — Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., today issued the following statement regarding the housing finance reform plan, A More Promising Road to GSE Reform, put forth by a group of private sector experts.

“The strategy released today is a thoughtful, serious proposal that contains a number of elements along the lines of a white paper released by NAHB last year. We believe that any plan must transition Fannie Mae and Freddie Mac into a private-sector oriented system where the federal government’s role is clear, but its exposure limited. Both plans underscore the need for Congress and this Administration to stop kicking the can down the road and move soon to pass comprehensive housing finance reform. Fannie Mae and Freddie Mac cannot remain in conservatorship indefinitely. It’s time for this government to act now.”

Elizabeth Thompson