MBA's Courson responds to Treasury/FHFA actions on GSEsMortgagePress.comMBA Courson, MBA, Treasury Secretary Paulson
John A. Courson, Chief Operating Officer of the Mortgage Bankers
Association has issued the following statement in response to
Treasury Secretary Paulson and FHFA Chairman Lockhart's
announcement of steps to stabilize Fannie Mae and Freddie Mac.
"I applaud Secretary Paulson and Chairman Lockhart for taking
crucial steps to ensure that Fannie Mae and Freddie Mac can
continue to play their critical role of providing liquidity to the
housing finance system, thus providing Americans the opportunity
for homeownership and affordable rental housing.
"The unprecedented steps announced today will provide confidence
that the housing finance system will continue to operate without
major disruption, and offer an opportunity for a recovery of the
housing market while allowing for a full and frank debate over the
future of the GSEs.
"We look forward to working with Congress, administrations
present and future, and the regulators to ensure a strong secondary
mortgage market that provides a stable supply of affordable
For more information, visit www.mortgagebankers.org.