While the Obama administration has punted into next year any decision on how to reform the housing finance giants, there's no shortage of opinion about what should be done.
Today's
In January, House Financial Services Committee Chairman Barney Frank said he supports "
James B. Lockhart III, who ran the Federal Housing Finance Agency and its predecessor agency from 2006 until August 2009, said in an interview with Bloomberg Television last month that the U.S. investment in Fannie Mae and Freddie Mac may be
And in his recently released book, Henry Paulson, the former Treasury Secretary offers his
In an online poll about the proper role for a housing GSE, 43% of respondents said they should have no role - housing should be left to market forces. Twenty-eight percent said a GSE should guarantee loans for creditworthy borrowers, regardless of financial need, but should not hold mortgages; 22% said a GSE should both guarantee loans for creditworthy borrowers, regardless of need and hold MBS; while 7% said a GSE should use loan guarantees only to aid low- and moderate-income borrowers.
What do you think the proper role of a housing GSE is? Post a comment below.