HOUSING FINANCE SYSTEM

摘要

On July 11, 20913, leaders on the Financial Services Committee announced the PATH Act—the Protecting American Taxpayers and Homeowners Act—to create a sustainable housing finance system. The proposal: 1. ends the taxpayer-funded bailout of Fannie Mae and Freddie Mac and phases out the troubled Government-Sponsored Enterprises within five years; 2. increases competition by ending the federal government's domination of the housing finance market that has left taxpayers liable for $5.1 trillion in mortgage guarantees; and 3. gives consumers more choices in determining which mortgage product best suits their needs.