WASHINGTON — The Obama administration took its first, tentative steps toward reform of the nation's housing finance system on Wednesday.

The Treasury and Department of Housing and Urban Development departments unveiled a list of seven broad questions for public comment ranging from whether the government should explicitly guarantee debt issued by Fannie Mae and Freddie Mac to the steps the administration should take to beef up consumer protections.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.