Washington Report

Advocacy Updates from Washington D.C.

NAR Meets with GAO to Discuss Fannie Mae and Freddie Mac

On Monday July 23, staff from NAR’s Federal advocacy team met with analysts from the Government Accounting Office (GAO) to discuss the current state of Fannie Mae and Freddie Mac in conservatorship and its impact on the real estate market. This meeting was a follow up to a round of meetings that GAO held with NAR and other industry players in 2014 that resulted in a study.

NAR staff emphasized to the GAO that while not perfect, Fannie Mae and Freddie Mac have done a good job of providing steady, stable and affordable credit to a broad market during very difficult times. Furthermore, preserving the benefits of the current system should be a primary goal of any reform efforts in the coming years.

In addition to engaging with the GAO, NAR recently brought together a panel of industry experts to discuss the future of Fannie Mae and Freddie Mac. NAR will continue to actively engage in the discussion to protect the vibrant, national housing finance market.