Though the two government-sponsored enterprises that are the subjects of regulatory reform legislation are confident that current roadblocks will be cleared and the measure passed, the fact is that many directives contained in the bill already are being followed.

We've already raised capital that will meet the new standards and we've set up an affordable housing advisory council that would be required by the bill," said Barbara Fox, director of Senate relations for the Federal Home Loan Mortgage Corporation.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.