House Committee Approves GSE Regulatory Reform Bill with Stronger Affordable Housing Requirements

摘要

The House Financial Services Committee has approved a sweeping government-sponsored enterprise (GSE) regulatory reform bill (H.R. 1461) that increases affordable housing requirements for Fannie Mae and Freddie Mac, while falling short of the Administration's demand for portfolio restrictions on the secondary mortgage market giants. The committee approved the measure, 65-5, on May 25. The bill creates a powerful new regulator, the Federal Housing Finance Agency (FHFA), to oversee Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, replacing the Office of Federal Housing Enterprise Oversight and the Federal Housing Finance Board. The agency would be funded through annual assessments on the regulated entities.