OFHEO Pressing 'Sticking Points' on Reform

The director of the Office of Federal Housing Enterprise Oversight continues to press for what he acknowledges have been "sticking points" in the passage of proposed GSE reform legislation, he told attendees at the SourceMedia Secondary Market Conference on Dec. 6.James B. Lockhart III said he believes the sticking points -- portfolio constraints on the government-sponsored enterprises as a means of controlling "systemic risk," and the structure of a proposed affordable housing fund -- can be resolved, and likely will be, to allow passage of legislation next year.