Office of Management and Budget Releases GSE Reform Principles

In its wide-reaching governmental reorganization proposal, The White House Office of Management and Budget (OMB) outlined principles for housing finance reform in a publication titled Delivering Government Solutions in the 21st Century. Though the report does not go into specific details on GSE reform, it outlines a multi-guarantor state in which Fannie Mae and Freddie Mac transitioned back into the market as fully private entities. OMB outlined four overarching goals for whatever form GSE reform might take, including increasing competition, increasing transparency and accountability, aligning incentives and reducing overlap, and providing more targeted assistance to those in need.

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