U.S. Sen. Bob Corker says one of Congress biggest tasks is reforming the Federal Housing Finance Agency.
Responding to an Office of Inspector General report saying the future is uncertain for the mortgage agencies known as Fannie Mae and Freddie Mac, the Tennessee Republican renewed his call for reform.
The report “strengthens my long-held belief that one of the biggest issues for Congress to address, and the last major unfinished business from the 2008 financial crisis, is passing comprehensive legislation to wind down Fannie Mae and Freddie Mac,” said Corker. “Much bipartisan effort has been put forth, and for Republicans to have a majority in Congress and not take action would be completely irresponsible.”