Ed Royce: “I am pretty skeptical about the prospects for the upcoming election.”

I would like to caution against making a bad situation worse.

In the decade leading up to the financial crisis of 2008, Fannie Mae and Freddie Mac spent nearly $200 million on lobbying activities and campaign contributions.

I hope this Administration and this Congress have learned something from this failed duopoly and do the hard work necessary to reform our housing finance system.

I share the judge's sense of urgency on this and I think that is why we need fully funded programs.