Cheat Sheet: The Future of Housing Finance Reform
According to American Banker, President Barack Obama's housing finance reform strategy involves unwinding Fannie Mae and Freddie Mac over several years, and putting private capital at the center of the housing finance market. The plan will also allow the federal government to maintain a limited role in the new system. Obama has outlined four specific principles for reform: keeping a government role in the market; eliminating the possibility of bailouts; preserving products such as the 30-year fixed-rate mortgage; and promoting affordable housing.
From "Cheat Sheet: The Future of Housing Finance Reform"
American Banker (08/09/13) Borak, Donna
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