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GSE Reform May be Held Until After November Elections

By Implode-Explode Heavy Industries

"GSE reform could still be a long way off and is unlikely to pose risk to GSE bondholders and senior debt ratings, according to Brian Harris, a senior vice president at Moody's Investors Service. And Harris may not be far from the truth in his assertions. HousingWire sources inside the Congressional Republican delegation said during the process of debating the financial reform bill, leading Democrats in both houses of Congress "promised up and down the aisle," that Congress will not address the GSEs until the beginning of 2011. "

Full post as published by Mortgage Lender Implode-o-Meter on July 26, 2010 (boomark / email).