Rudman Report Highlights Need to Pass H.R. 1461
The long-awaited Warren Rudman Report, released to the public on Feb. 23, confirms NAHB's belief that management of the housing government sponsored enterprise (GSE) Fannie Mae is taking all of the necessary steps to put the company back on the right course. Findings of the report underscore the need to pass H.R. 1461, the NAHB-supported bill to improve oversight of the GSEs. This bill, which was introduced by Reps. Richard Baker (R-LA) and Michael Oxley (R-OH), was approved by a wide margin in the House last year. Furthermore, the Rudman report's findings do not support taking draconian actions that NAHB has warned could impede the GSEs' ability to operate and efficiently provide necessary credit to the housing market. View the Feb. 27 issue of Nation's Building News for more details, or contact Scott Meyer at x8144 for more information on the ongoing debate regarding GSE oversight reform.