Commission Says End Fannie and Freddie, Make a Public Guarantor
Posted by Rooflines on February 25, 2013
The Bipartisan Policy Center's Housing Commission released its report, Housing America's Future, on housing policy this morning.
The 21-member commission, which worked on the report for 16 months, was cochaired by two former HUD secrataries, Mel Martinez and Henry Cisneros, and two former senators, Kit Bond and George Mitchell. Its recommendations include winding down Fannie Mae and Freddie Mac, and limiting federal government involvement in mortgages to a "Public Guarantor" more on the Ginnie Mae model, and a scaled-back FHA.
What do you think of the recommendations? How likely are they to be implemented?