Treasury Sets Date for GSE/Housing Conference

The Treasury Department, which has pumped $145 billion into Fannie Mae and Freddie Mac thus far, will hold a public forum on the future of the GSEs and the nation's housing finance system in mid-August in Washington.

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In a statement, Treasury called the forum a "major event" saying it will "help provide critical public input" as the White House develops a comprehensive housing finance reform proposal for delivery to Congress by January.

To date, the Department of Housing and Urban Development has received more than 300 comment letters on how to shape the nation's housing finance system in a post housing "bubble" world. Comment letters have been filed by lenders, servicers, consumer and trade groups, academics, and others.

The White House and Treasury have taken heat from Republicans for not including GSE reform in the just passed Wall Street regulatory reform bill.

Recently, Treasury secretary Timothy Geithner said a dedicated team at the agency has been studying the GSE issue for the past six months.


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