A powerful Republican congressman late Thursday introduced a GSE reform bill that would push Fannie Mae and Freddie Mac out of conservatorship after two years and fully privatize them at the end of five.

Rep. Jeb Hensarling, R-Texas, is sponsoring his five-year plan to rid the mortgage market of what he calls "Frankensteins" that were originally chartered as government sponsored enterprises.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.