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FannieLast week at the National Association for Business Economics convention, acting FHFA Director Edward J. DeMarco delivered the most important speech on the housing market since the crisis.

DeMarco began with a sobering assessment of the current housing market, then introduced a series of bold reforms that offer a clear and realistic path toward the unwinding and closure of Fannie Mae and Freddie Mac.

I am preparing a comprehensive briefing on Director DeMarco's remarks within the context of my lobbying efforts in the next Distressed Property Coalition newsletter. Before I delve into the content of his speech from last week, it is worth addressing two issues briefly.freddie

  1. The first: Why should you care? Isn't this just another speech from a political person that will end up lost in the chaos of Washington politics?
  2. And second:…

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