The nation’s home builders have expressed hope that the government’s action to place Fannie Mae and Freddie Mac into conservatorship will help to increase liquidity for home financing and restore confidence in the global financial markets.

In a statement issued shortly after the Treasury Department announced on Sunday, Sept. 7 that it was taking over the two mortgage industry giants, NAHB Executive Vice President and CEO Jerry Howard said: “At this critical turning point, it is essential that government regulators and all parties involved in the nation’s housing finance system work together to rebuild the nation’s secondary mortgage market — a move that is absolutely vital to provide affordable mortgages for America’s home buyers and to help spur an economic recovery. In that regard, NAHB looks forward to working with the current policy makers and stakeholders, as well as the next Administration and Congress on their ongoing efforts to restore the financial health of Fannie Mae and Freddie Mac.”

NAHB has established a high-level task force that will meet next week to discuss the long-term implications of the federal government’s decision to take over the two housing government-sponsored enterprises (GSEs). 

Read the full articles in NAHB's Washington Update.

For more information, e-mail Dave Ledford or call him at 800-368-5242 x8265. [Return to top]