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Waters introduces new housing finance reform bill
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Rep. Maxine Waters, D-Calif., is the latest member of Congress to craft a bill aimed at reforming the U.S. housing finance system.
Waters, who is the ranking Democrat on the House Financial Services Committee, unveiled the Housing Opportunities Move the Economy (HOME) Forward Act of 2014 on March 27.
The bill is similar to recently proposed legislation by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., and, more recently, Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, in that it would aim to disband government sponsored enterprises Fannie Mae and Freddie Mac within five years.
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