NAR’s vision for the GSEs to be reformed as Market Utilities was first introduced in February of 2019. Today, as we continue to navigate the impact and implications of COVID-19 pandemic, we ask ourselves, is the NAR Utility Model still the most viable solution?
In many ways FHFA’s stewardship of Fannie Mae and Freddie Mac over the past 6 months has validated NAR’s proposed utility model for housing finance reform. Our mortgage market is so strong in large part because the GSEs have a mandated mission to provide stability in the residential mortgage market and the FHFA has insisted they fulfill that mission throughout the pandemic.
View also: NAR's Vision for the GSEs (video)
