Former Freddie Mac CEO Weighs In On Housing Finance Reform
Donald Layton, the former CEO of Freddie Mac doesn't seem too optimistic about housing finance reform. Layton believes much of the delay is falling on the Federal Housing Finance Agency's resources.
"Layton, now a senior fellow at Harvard University’s Joint Center for Housing Studies, said it’s unlikely the Federal Housing Finance Agency can complete the steps outlined in Treasury’s housing finance plan by the end of Donald Trump’s first term in office," according to HousingWire.
"The Trump administration ends in about one and one-third years, and that’s likely not enough time to get all the work done to complete the many steps of administrative reform."
The report also points out that Layton did not address the current formal impeachment inquiry that has be announced by Speaker Nancy Pelosi.
"The FHFA would be required to do an unprecedented amount of work at a very fast pace,” Layton wrote. “The FHFA, under its new director, Mark Calabria, is clearly biting off a lot, which will maximize its influence – but we shall see how well it chews it all," according to the report.
To learn more about Layton's thoughts on the FHFA's ability to complete the steps outlined by the Treasury's housing finance plan, click on the image above.
