Fannie & Freddie in the Hot Seat

0 Comments | Insight on the News, May 14, 2001 | by Catherine Edwards

The GSEs dominate the home-mortgage market, have more than 70 percent of the conventional conforming market and are predicted to have almost one-half of all home mortgages by the end of 2003. Baker says this is more than enough reason to create an effective regulator and open these institutions to complete transparency.

At a press conference to announce his bill, the Louisiana congressman told the press, "I believe in the public-policy benefits of this effort, and I will stay on the job until there is establishment of a regulatory office to protect the taxpayers of this nation."