Harvard Scholar Defends Preservation of GSEs' Mission

In "Reform Yes – But Preserve the GSEs' Role [PDF 423K ]," an editorial that appeared in the American Banker on April 22, 2005, Kent W. Colton, a senior scholar for the Joint Center for Housing Studies at Harvard University, explains the critical role played by Freddie Mac and Fannie Mae in recent years’ growth of homeownership rates in the United States.

Colton also discusses how regulatory reform affecting the GSEs should take into account their mission to increase homeownership across the country and ensure the liquidity and stability of mortgage credit.