Freddie Mac proposal increases taxpayer risk
Mike SP
Members of
Congress to FHFA director: Freddie Mac proposal increases taxpayer risk
In response to the Federal Housing Finance Agency’s request for comment on Freddie Mac’s proposal to begin purchasing certain single-family closed-end second mortgages as a new product, some members of Congress sent a letter to the agency’s director, warning the offering could drive up inflation and increase taxpayer risk.
In response to the Federal Housing Finance Agency’s request for comment on Freddie Mac’s proposal to begin purchasing certain single-family closed-end second mortgages as a new product, members of Congress such as Sen. Bill Hagerty (R-Tenn.) and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs Tim Scott (R-S.C.) sent a letter to the agency’s director, warning the offering could drive up inflation and increase taxpayer risk.
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