As the first shutdown of the federal government since the 1990s continues, the Banking Committee of the U.S. Senate held a hearing on the reform of mortgage giants Fannie Mae and Freddie Mac that focused on multifamily lending. “We all agree that the status quo in housing finance is not an option,” said Sen. Mike Crapo at the October 9 hearing. However, despite the tumult in Washington, the Banking Committee hearing was almost bizarrely collegial. The Senators were focused ...
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