Treasury recently released its report on Housing Finance Reform. The report, which was published pursuant to a Presidential memorandum issued earlier this year, sets forth the Administration’s goals for housing finance, including ending the conservatorship of Fannie Mae and Freddie Mac, leveling the playing field for industry participants, and increasing the role of private capital in the mortgage market. The report lays out specific proposals, including both administrative and legislative action that Treasury believes should take place to effectuate these goals. Yesterday, the Senate Banking Committee held a hearing on Housing Finance Reform, with Treasury Secretary Mnuchin, FHFA Director Calabria, and HUD Secretary Carson testifying before the Committee.
SFA has prepared a summary of the Treasury Report, recapping the key takeaways from the Treasury Report with some observations from the Senate Banking Committee hearing, and what it means for the future of housing finance.
If you would like more information on the SFA committees and task forces working on housing finance-related issues, please email [email protected].