Housing Policy Council Statement on OMB Government Reorganization Proposal

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Housing Policy Council Statement on OMB Government Reorganization Proposal​

Housing Policy Council Statement on OMB Government Reorganization Proposal​

 

WASHINGTON – The Housing Policy Council (HPC), led by Ed DeMarco, a former Acting Director of the Federal Housing Finance Agency, released the following statement regarding the Office of Management and Budget’s proposal to reorganize parts of the government:

“The Housing Policy Council is pleased that the Administration’s proposal for government reorganization released by OMB recognizes the need for housing finance reform. The country needs a modernized housing finance system with competitors for Fannie Mae and Freddie Mac, a market based on private capital, and a catastrophic government backstop for the secondary market that provides protection for the taxpayers and the economy. The Housing Policy Council supports action on the issue and is ready to work with the Administration and Congress on ending the failed GSE-based system that has resulted in decade-long conservatorships and toward a market-based system that serves homebuyers, fosters competition, and protects taxpayers.” -Ed DeMarco, President, HPC

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