Professional Documents
Culture Documents
October 5, 2015
Multiple sources have confirmed that the White House has reached out to the
housing finance community to better understand its options on what to do with
the GSEs after conservatorship. As we told you in our 9/14 note, U.S.:
Congressional Outlook for Finance and Tax, with no chance for comprehensive
GSE reform before 2017, the Administration is working behind the scenes to
develop an endgame before President Obama leaves office. This could have
major implications for the GSEs capital structure.
Its All about Affordable Housing
With GSE reform stalled, weve been told that the Administration is afraid of what
will happen to the affordable housing mandate should a Republican take office in
2017. Their fear is that a new Republican president could simply wind down the
GSEs and kill the affordable housing mandate if the GSEs were to remain in
conservatorship. Therefore, the White House wants to better understand its
options as it looks to preserve the affordable housing mandate into the next
Administration.