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Last 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.
- 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?
- And second:…
John Grant
is the president of the Distressed Property Coalition, a private advocacy effort formed by the top leaders in the residential real estate industry, and dedicated to private market solutions, smaller government, and protecting taxpayers. DPC exists because investors deserve an easier path to buy and sell houses. Investors deserve to shape policies that govern them, not to be subjected to them. Investors deserve better information on current laws and policies. Investors deserve a safe environment to learn more about the industry. DPC is dedicated to providing these services to the residential real estate community. Their content and track record of success in Washington are unprecedented for this industry.
To received Mr. Grant’s policy briefings and newsletter, please visit www.distressedpropertycoalition.com
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