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Momentum seemed to be escalating in early 2014 for the passage of a comprehensive reform package of the housing finance system in the U.S., but that was not to be, as neither political party fully supported its passage, derailing the progress made over the previous few years.
While consensus around the primary features of reform has grown, new research that questions these assumptions needs to be addressed and the inertia keeping the country mired in the current, uncertain system needs to be overcome. In this brief, we will discuss the progress made thus far en route to reform, analyze the disparate elements of the leading proposals, and incorporate new findings that will shape the additional research that must be done before policymakers can agree on the best path forward.
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Housing Reform, Fannie Mae, Freddie Mac, Johnson-Crapo, Taxpayer Protection Act Mortgage
Wachter, Susan M., "Next Steps in the Housing Finance Reform Saga" (2015). Wharton Public Policy Initiative Issue Briefs. 32.