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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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