Ed Royce: “If we walk away from this agreement, what in your analysis is likely to happen?”

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.

But I will ask both of you, we have got to engage with countries across Africa even the most challenging countries.

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.

Clearly there is strong bipartisan support for well-resourced, broad engagement in Africa.