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The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact: Email:,press@lawyerscommittee.org

Lawyers' Committee for Civil Rights Under Law Condemns Trump Administration's Proposal to Reform Housing Policy

In Response to the Trump Administration's proposal to reform the housing finance system and remove government-sponsored entities (GSEs) from conservatorship - notably, mortgage giants Fannie Mae and Freddie Mac - Kristen Clarke, president and executive director of the Lawyers' Committee for Civil Rights Under Law made the following statement:

WASHINGTON

In Response to the Trump Administration's proposal to reform the housing finance system and remove government-sponsored entities (GSEs) from conservatorship - notably, mortgage giants Fannie Mae and Freddie Mac - Kristen Clarke, president and executive director of the Lawyers' Committee for Civil Rights Under Law made the following statement:

"The privatization of Fannie Mae and Freddie Mac is yet another instance of the Trump Administration rolling back the role of the federal government in housing. These two GSEs guarantee approximately one-half of all mortgages in the United States. The privatization of Fannie and Freddie has the potential to increase mortgage rates and reduce credit available to low- and moderate-income borrowers and thus widen the racial homeownership gap."

The Lawyers' Committee is a nonpartisan, nonprofit organization, formed in 1963 at the request of President John F. Kennedy to enlist the private bar's leadership and resources in combating racial discrimination and the resulting inequality of opportunity - work that continues to be vital today.

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