Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (firstname.lastname@example.org) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
The debate on how to reform the government-sponsored enterprises (GSEs) that now so dominate US mortgage finance has been raging almost from the minute they were taken into conservatorship by former Federal Housing Finance Authority director James Lockhart on September 6 2008. In recent months, however, there is a growing sense that all those words might eventually translate into action.