Statement from Chuck Greener Fannie Mae SVP-Communications
The legislation passed by the House Financial Services Committee today, under the leadership of Chairman Oxley, Subcommittee Chair Baker, and Ranking Members Frank and Kanjorski, is a significant step forward in the process of strengthening the safety and soundness oversight of our company and the GSEs. While work remains to be done, we are committed to working cooperatively and constructively with members on both sides of the aisle as the legislation continues to progress through the House and Senate, and we are hopeful a bill will be signed into law this year.
Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.
