Today, Congresswoman Gwen Moore (WI-4) released this statement in response to the Government Sponsored Enterprise (GSE) reform bill introduced by Representative Jeb Hensarling (TX-05).
"I am pleased that Chairman Hensarling has released a proposal to reform our housing market. However, in its current form, this bill would radically change our housing market and endanger the fixed 15 and 30-year mortgages, upon which working Americans rely.
"We must reach a bipartisan solution that bolsters the essential pieces of our housing market and works to ensure that home loans are available to credit worthy borrowers. I look forward to working with my colleagues on both sides of the aisle to pass a GSE reform bill that improves the sustainability of our housing finance system."