Public Proposals for the Future of the Housing Finance System
Senior Fellow Janneke Ratcliffe testifies before the Senate Committee on Banking, Housing, and Urban Affairs.
Essential Elements of Housing Finance Reform
Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, testifies before the Senate Committee on Banking, Housing, and Urban Affairs Committee about housing finance reform.
Building a New Infrastructure for the Secondary Mortgage Market
CAP’s Mortgage Finance Working Group offers suggestions to the Federal Housing Finance Agency to bring liquidity, stability, transparency, and private capital into the secondary mortgage market and ensure that borrowers have access to safe, sustainable, and affordable mortgage products.
Sharing the Pain and Gain in the Housing Market
Report John Griffith and Jordan Eizenga explain why Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency should embrace a targeted principal-reduction program for certain deeply underwater loans it owns or guarantees.
Inching Toward Principal Write-Downs at Fannie and Freddie
New data from the firms’ regulator confirms that principal reductions can be good business practice, write John Griffith and Daniel Molitor.