Hints and tips:
...Scott Garrett, chairman of the House financial services subcommittee that covers housing finance, declined to identify any differences in approach between the White House and his team....
...Scott Garrett, the Republican chairman of the House financial services subcommittee responsible for the GSEs, demanded an early and detailed plan from the administration....
...“I’m encouraged to see the administration included a number of reform ideas that track closely with my own,” said Scott Garrett, head of a House financial services committee panel overseeing housing finance...
...The legislative proposals have garnered added attention because of the current efforts to reduce the US home loan market’s dependence on Fannie Mae and Freddie Mac, the mortgage financing organisations responsible...
...Republican House member Scott Garrett told a gathering of securitisation experts on Monday the government does not have the expertise to price for such risks....
...Republicans such as Scott Garrett, who is the chairman of a House of Representatives subcommittee on mortgage finance, want to eliminate the government backstop altogether....
...For the past two years, nearly all the home loans in the US have been those that are eligible to be purchased by government-sponsored agencies such as Fannie Mae and Freddie Mac....
...don’t know if the American taxpayer recognises that in bailing out the GSEs we’re really bailing out foreign investors, and we’re doing that despite the fact there are no explicit guarantees,” says Scott Garrett...
...Home lending this year in the US has been almost exclusively mortgages that conform to standards for the government-sponsored entities, Fannie Mae and Freddie Mac, now under government conservatorship....
...Fannie could not be reached....
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