Imagining a Mortgage Finance System that Works
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- http://www.americanprogress.org/issues/2009/03/pdf/mortgage_finance_principles.pdf The bursting of the housing bubble and the resulting foreclosure epidemic have exposed major flaws in the U.S. housing finance system. All agree that significant reforms are necessary in all areas of mortgage finance—origination, primary lending, and secondary markets for mortgage-backed securities including Fannie Mae and Freddie Mac—but there is little consensus on what the system should look like when reforms are in place. Featured Remarks: Reform Considerations in the Housing Finance System Michael Barr, Counselor to the Director of the National Economic Council, White House Welcoming Remarks David Min, Associate Director for Financial Markets Policy, Center for American Progress Moderated Discussion: Defining Progressive Principles for Mortgage Finance Reform Michael Calhoun, President, Center for Responsible Lending Jonathan Miller, Democratic Professional Staff, Senate Committee on Banking, ...
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