The U.S. government needs to end its role in the mortgage market as it decides the future of Fannie Mae and Freddie Mac, Congressman Scott Garrett said.
“Let me stress and be very clear where I stand: I am firmly committed to a purely private U.S. mortgage market over time, free of any government subsidies or guarantees,” Garrett said today in Orlando at the American Securitization Forum trade group’s annual conference.
Tuesday, February 08, 2011
U.S. Mortgage Market Should Be ‘Purely Private,’ Garrett Says
Bloomberg reports:
