Jul
20
Fannie-Freddie Reform Hinges on Keeping Small Lenders Happy
By-
Trade groups want to keep big bank dominance from returning
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Groups believe current system is best, but still needs new law
A decade ago, Brian Koss was a senior vice president at Countrywide Financial who saw firsthand how big lenders muscled out small ones during the housing boom by cutting special deals with Fannie Mae and Freddie Mac.
Now, as a senior executive at a mid-size lender, he says a positive outcome from the bust is that government policies have mostly leveled the playing field.
U.S. lawmakers largely agree they want to keep it that way. But finding consensus on how to do it could be a sticking point in the latest effort to overhaul the housing-finance system…
Fannie-Freddie Reform Hinges on Keeping Small Lenders Happy
