Administration Backs Smaller Federal Role in Mortgage Market, Continued Support for Affordable Housing

摘要

The Obama Administration has submitted a housing finance reform plan to Congress that would wind down the operations of Fannie Mae and Freddie Mac and reduce federal support for the mortgage market. "Going forward," the Administration report says, "the government's primary role should be limited to robust oversight and consumer protection, targeted assistance for low- and moderate-income homeowners and renters, and carefully designed support for market stability and crisis response."