CAP en Español
Small CAP Banner

STATEMENT: Julia Gordon on the 2013 Federal Housing Finance Agency Scorecard

  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

Contact: Katie Peters
Phone: 202.741.6285

Washington, D.C. – Today, in reaction to the Federal Housing Finance Agency 2013 Scorecard, which sets out the agency’s work plan for the coming year, CAP Director of Housing Finance and Policy Julia Gordon released the following statement:

The new scorecard illustrates how the Federal Housing Finance Agency is using its virtually unlimited conservatorship powers to transform Fannie Mae, Freddie Mac, and the future of housing finance in America.

While bringing the securitization activities under one roof makes sense, make no mistake about it: This plan signals a fundamental change to how these government-sponsored mortgage giants operate. This initiative and other policy decisions outlined in the scorecard will impact American families broadly—whether they own their home, hope to become homeowners someday, or are simply seeking affordable rental options—and will lay the foundation for the shape of the market for many years to come.

These decisions are far too important to leave to one single agency whose deliberations largely take place behind closed doors and whose officials are neither elected nor confirmed. FHFA should have a presidentially appointed leader, and Congress and the Obama administration should present their plans for the housing finance system to the American people without further delay.

While many of the initiatives were familiar to those who have been following FHFA’s work, Acting Director Edward J. DeMarco added some new detail around the agency’s intentions to create a single securitization platform for the enterprises, indicating that this platform would be run by a new company structured as a joint venture between Fannie Mae and Freddie Mac.

To speak with a CAP expert on this topic, contact Katie Peters at or 202.741.6285.

Related resources from the Center for American Progress:




To speak with our experts on this topic, please contact:

Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or

Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or

Print: Allison Preiss (economy, education)
202.478.6331 or

Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or

Print: Chelsea Kiene (women's issues,, faith)
202.478.5328 or

Print: Benton Strong (Center for American Progress Action Fund)
202.481.8142 or

Spanish-language and ethnic media: Jennifer Molina
202.796.9706 or

TV: Rachel Rosen
202.483.2675 or

Radio: Chelsea Kiene
202.478.5328 or