Abstract GSEs: Their Viability as Public Utilities

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In the spring of 2019, NAR joined financial market experts Susan Wachter and Richard Cooperstein to propose transitioning Fannie Mae and Freddie Mac (Enterprises) into market utilities - A Vision for Enduring Housing Finance Reform. The Enterprises have worked well since the Great Recession and NAR’s plan locks down this structure for the future in a way that improves access to mortgages while maintaining market stability.

In their latest white paper, GSEs: Their Viability as Public Utilities, the authors further clarify several points in the discussion of a mortgage market utility.

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Additional Resources: NAR's Vision for Housing Finance Reform

Webinar: The Future of the GSEs

Watch the recorded NAR webcast showcasing new research on its proposal to transition Fannie Mae and Freddie Mac into private market utilities.