- Obama Administration Seeks Public Input on Reform of Housing System
- April 26, 2010 | Author: Sarah D. McElroy
- Law Firm: Alston & Bird LLP - Atlanta Office
Today, the Obama Administration released questions for public comment on the reform of the housing finance system, including Fannie Mae and Freddie Mac. The administration is soliciting input from market participants, industry groups, academic experts and consumer and community organizations. Treasury Secretary Tim Geithner noted in the release that "[h]earing from a wide variety of perspectives as we embark on this process is an important part of establishing a more stable and sound housing finance system for the American people."
The questions for public input include:
- How should federal housing finance objectives be prioritized in the context of the broader objectives of housing policy?
- What role should the federal government play in supporting a stable, well-functioning housing finance system and what risks, if any, should the federal government bear in meeting its housing finance objectives?
- Should the government approach differ across various segments of the market, and if so, how?
- How should the current organization of the housing finance system be improved? How should the housing finance system support sound market practices?
- What is the best way for the housing finance system to help ensure consumers are protected from unfair, abusive or deceptive practices?
- Do housing finance systems in other countries offer insights that can help inform US reform choices?
The administration is seeking both written input and intends to hold public forums to address the future of the housing finance system.