Comprehensive housing finance reform, including a winding down of Fannie Mae and Freddie Mac, remains a top priority for the Obama administration, a Treasury Department official said.

"The GSEs in conservatorship have done an exceptional job of maintaining a deep and liquid secondary market in and following the recent crisis," Michael Stegman, a counselor to the Treasury Secretary on housing finance, told attendees at the ABS Vegas 2014 Conference.  "However, we believe that continued uncertainty about their political future will continue to be a headwind impeding access to credit especially for average families with less than pristine credit."

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