By making Fannie and Freddie Utilities and allow the GSEs to operate under the reforms so your members work directly, I know, with families to become homeowners. 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. (02:41–02:49)
CLAIM
Asserts that the legislation aims to transform Fannie Mae and Freddie Mac into utility-style entities.
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