Monday, January 5, 2015

Mayopoulos: Fannie Mae’s rebound means taxpayers have been repaid in full

Mayopoulos: Fannie Mae’s rebound means taxpayers have been repaid in full


CEO of Fannie Mae!

The U.S. Congress should use caution if it undertakes housing finance reform because of the complicated nature of the industry and because of the potential risks involved, according to Timothy Mayopoulos, president and CEO of Fannie Mae.

Mayopoulos said nearly every country in the world plays a public role in housing because of the "fundamental societal need."

"This housing finance system works," said Mayopoulos
"Fannie Mae was able to repay the taxpayer within five years. It is sustainable," Mayopoulos continued. "The system works. 

When asked how the agency would function without that capital, Mayopoulos said those were decisions made when the agency was placed in conservatorship.

Now that public sentiment is beginning to change, Perry and Mayopoulos said.

http://www.bizjournals.com/atlanta/news/2015/01/05/mayopoulos-fannie-mae-s-rebound-means-taxpayers.html


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