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Treasury speech offers hope for mortgage finance reform, highlights challenge
Michael Stegman by Ethan Handelman, National Housing Conference Earlier this week, Michael Stegman, counselor to the Treasury Secretary for housing finance policy, spoke about the unresolved challenge of reforming our mortgage finance system, particularly Fannie Mae and Freddie Mac. In his remarks, he offered hope for those committed to a future mortgage finance system that broadens affordable rental and homeownership opportunity while protecting American taxpayers. He also identified the lack of cohesion among competing interests as a barrier to moving forward. Stegman laid out five principles to guide a new mortgage finance system that go a little bit beyond the three options paper Treasury offered up two years ago and signaling a stronger commitment to an ongoing federal role. They're
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Treasury speech offers hope for mortgage finance reform, highlights challenge
Michael Stegman by Ethan Handelman, National Housing Conference Earlier this week, Michael Stegman, counselor to the Treasury Secretary for housing finance policy, spoke about the unresolved challenge of reforming our mortgage finance system, particularly Fannie Mae and Freddie Mac. In his remarks, he offered hope for those committed to a future mortgage finance system that broadens affordable rental and homeownership opportunity while protecting American taxpayers. He also identified the lack of cohesion among competing interests as a barrier to moving forward. Stegman laid out five principles to guide a new mortgage finance system that go a little bit beyond the three options paper Treasury offered up two years ago and signaling a stronger commitment to an ongoing federal role. They're
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