The why and how of GSE reform

By:
Louise Bowman
Published on:

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.