Click here for SFIG's summary of a draft bill currently being circulated within the Senate Banking Committee, which would reform Fannie Mae, Freddie Mac, and the entire secondary mortgage market system. While understanding that this draft bill is subject to change before it is officially introduced, SFIG's high-level, bullet-point overview highlights some of the changes that, based on our analysis and conversations with Senate Banking Committee Staff, we believe will be effectuated by the language contained in the draft bill. This overview also contains a side-by-side comparison to the MBA plan, as well as the DeMarco-Bright plan from the Milken Institute, both of which appear to inform this Senate draft bill.

Again, this draft bill is subject to change, and SFIG will continue to monitor developments and update members as more information becomes available. If you have any questions, please feel free to contact William.Innes@sfindustry.org.