July 7, 2014
Our organization is guided by three principles:
Reorganize Fannie Mae and Freddie Mac as private bond guarantors funded by private capital, without any special privileges or a Federal Charter;
Protect and ensure the continued availability and affordability of the 30-year fixed rate mortgage, which is the main engine of the housing market and the primary avenue for sustainable homeownership;
The rule of law is the basis for American Capitalism and must be acknowledged and respected in order for properly functioning capital markets. This is the cornerstone for attracting private capital to any market, especially the housing finance market. The rules of the game cannot be changed in the middle of an inning.
The government defines ‘conservatorship’ however it likes, with a destabilizing effect on the mortgage market. By WILLIAM M. ISAAC For the past two years, the federal government has violated both the letter and the spirit of the law by illegally seizing the profits of Fannie Mae and Freddie Mac Filings by the Obama administration in court and troubling public statements by its senior officials demonstrate a profound lack of adherence to…
June 3, 2014
As voices across the ideological spectrum have come to recognize the need for serious reform of our housing finance system with a greater role for private capital, the nation’s top housing regulator made an unfortunate revelation. A revelation which points to the difficult path for serious housing reform. Mel Watt, newly installed Federal Housing Finance Agency (FHFA) director and top regulator of mortgage giants Fannie Mae and Freddie Mac, says…