GSE-052323
Loathing, Loving, and Leaving LLPAs As Is
Today’s HFSC hearing with Sandra Thompson was the anti-LLPA event we anticipated when it came to Republicans that also saw the stout defense Democrats were sure to provide combined with FHFA’s resolute stand on doing nothing to change the LLPAs or guarantee-fees beyond what might come of the pending RFI. More interesting to us were lower-profile exchanges on other pending issues along with the complete absence of anyone on the dais suggesting Congress will ever even pretend to do anything about ending the conservatorships.