Housing finance reform gains momentum
Talks of housing finance reform are gaining momentum in Washington D.C. as lawmakers craft policies to set the mortgage market on a new course, The Hill reports.
Meanwhile, the Bipartisan Policy Center’s Housing Commission has introduced a plan to wind down Fannie Mae and Freddie Mac, the article explained.
Additionally, the article said the introduction of the "Jumpstart GSE Reform Act," draft legislation showed the government's interest in the importance of designing a new architecture for our nation’s housing finance system.
So let us hope we are indeed witnessing a "momentum shift" moment in the housing finance reform debate. The clock is ticking, and it is time to create a new system that can support the mortgage credit needs of America’s working families today and well into the future.