01/02/2018
https://www.congress.gov...
"And one of the challenges I see is what if we completely eliminate the GSEs, as some are proposing?"
"Let me ask you, Professor Levitin, in the days before GSEs, loans were generally renewed every 3 to 5--or due every 3 to 5 years and had to be refinanced all the time because lenders were not willing ..."
"And, of course, those costs would be significant over the life of a loan."
"I don't think we should give up on the American Dream of home ownership because of the current housing market setbacks."