On February 7th, the NAR held their first annual Policy Forum at the Grand Hyatt in Washington, DC. This forum included dozens of industry stakeholders and hundreds of invested attendees who want to be a part of the reform that Congress and the Federal Housing Finance Agency (FHFA) are proposing for government sponsored enterprises. Two of these GSEs, Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), are extremely important players in the housing and tax industry. They were created in order to improve the flow of credit in the housing market, while also reducing the cost of that credit. NAR’s proposal was presented at this forum by co-authors Richard Cooperstein, head of Risk Management at Andrew Davison and Company and Susan Wachter, Professor of Real Estate and Finance at the University of Pennsylvania.