Scott Fitzgerald: “It also is preserving limited and paid for government…”

“This legislation aims to build on the reforms already in place by moving Fannie and Freddie into utility style entities. It also is preserving limited and paid for government Backstop through the PSPAs. How could this kind of utility model strengthen stability in the secondary mortgage market and ultimately help more families access affordable homeownership Yes.” (02:50–02:57)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.