Sept. 18, 2018 — Policymakers must end the federal takeover of Fannie Mae and Freddie Mac to promote stability in the housing market and reduce the risk of additional taxpayer bailouts, ICBA Senior Vice President of Mortgage Finance Policy Ron Haynie wrote in a new op-ed.
Haynie wrote in National Mortgage News that the conservatorship of these stockholder-owned enterprises was never supposed to be permanent.
“The United States has laws and rules that enable our capital markets to function properly,” Haynie wrote. “When Treasury and government agencies ignore those laws and trample on the rights of shareholders, we are no better than a banana republic given to arbitrary government expropriations.”.
Read the Op-Ed