(Source: Senator Bob Corker) – U.S. Senator Bob Corker, R-Tenn., a member of the Banking, Housing and Urban Affairs Committee, made the following statement today in response to remarks made by Federal Housing Finance Agency Acting Director Ed DeMarco following the release of the FHFA’s 2013 Conservatorship Scorecard for Fannie Mae and Freddie Mac which details this year’s priorities for the government-sponsored enterprises.
“After reading through the details of Acting Director DeMarco’s recent speech, I applaud the FHFA for helping set the stage for housing finance reform that puts private capital at risk in front of the taxpayer and that builds the infrastructure for a mortgage futures market that does not rely on the permanent existence of Fannie Mae or Freddie Mac,” said Corker. “It’s time for Congress to build off the work begun by FHFA and move our country toward a 21st century model for housing finance where the federal government plays a vastly different and significantly smaller role than it does today.”
Source: Senator Bob Corker