GAO Releases Report on Housing Finance Reform

The Government Accountability Office (GAO) has released a report calling on Congress to consider housing finance reform legislation.

The report, "Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform," recommends that Congress consider legislation that addresses the structure of the government-sponsored enterprises (GSEs), establishes clear and prioritized goals and takes into account all relevant federal agencies.

CUNA and the state leagues have urged Congress and the Trump administration to work together on a comprehensive solution to housing finance reform and shared with lawmakers and administration officials their priorities including ensuring credit union have continues access to a viable and competitive secondary mortgage market.