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Articles & Commentary

NEW Atlanta Journal-Constitution Editorial Praises GSE's Subprime Crisis Response
NEW Freddie Mac CEO Richard Syron Analyzes Housing Affordability, Describes Special Role GSEs Can Play in Subprime Solution
Subprime Market: CEO Syron Testifies Before House Financial Services Committee
- Oral Testimony
- Written Testimony[PDF 58K]

Other Perspectives

NEW Letter from ICBA to US House of Representatives Urges Support for HR1427 and Bipartisan Amendment [PDF 68K]
NEW Letter from NAFCU to Speaker of the House Expresses Support for HR1427 and Bipartisan Amendment [PDF 2.4M]
National Housing Conference Submits Comments on HR1427 to House Financial Services Committee [DOC 545K]

By law, the housing GSEs have a broad and important public mission to provide liquidity, stability and affordability to the nation's residential mortgage markets. While affordability is a keystone of our public mission, it is not the sole reason for our existence. Affordability is an extremely important mission responsibility but both liquidity and stability are also vitally important. Far from being relics of a quainter era in U.S. mortgage markets, the stability and liquidity of the GSEs are key to the continued vibrancy of the nation’s housing markets and broader economy. In addition, we consider the affordability component of our mission as broader than achieving annual HUD affordable housing goals.