Both Sides of the Aisle Urging GSE Reform | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: Just how huge of an issue is the GSEs’ dwindling capital buffer and the FHFA’s nearly eight-year long conservatorship of Fannie Mae and Freddie Mac becoming? So much of a concern that in mid-May, a coalition of 12 right-center organizations wrote a letter to Congress urging them to pass a GSE reform bill sponsored by Rep. Mick Mulvaney (R-South Carolina). But that’s not all—it’s so much of a concern that factions on both sides of the political aisle are petitioning Congress for change. Late last week, a group of 32 Democratic members of the U.S. House of Representatives wrote a letter to FHFA Director Mel Watt and Treasury Secretary Jack Lew asking them to reassess the Preferred Stock Buy Agreement policy that requires the GSEs’ capital buffer to be reduced to zero by January 1, 2018.)