FAIL SAFE?
As we reported last week, Congress was abuzz with an HFSC mark-up, a Senate vote revoking the true-lender rule, and the rather compelling question of American democracy’s future. Day in, day out, U.S. housing finance continued without any untoward developments prompting policy-maker attention. As a result, the vexing question of the future of Fannie Mae and Freddie Mac remains on both the Congressional and Administration to-do lists.
