Absent finding any thrills in the text of the securitization-reform bill, the mark-up of the now-introduced bill advanced on predictable party lines to approve a bill that appears little different from the initial Garrett draft. We think it will pass the House next year, possibly in combination with the Hensarling GSE-privatization bill to put a complete housing-reform package on the table far sooner than conventional wisdom so far suspects.

The full report is available to subscription clients.  To find out how you can sign up for the service, click here.

.