Group Convened by Center for American Progress Unveils Housing Finance Fix
A description of the new white paper on housing finance reform is provided in this article at HousingWire.com. A working group of 19 university scholars and housing advocates have come together to look at different ways to reform government-sponsored enterprises and build a proposal that would provide some sort of guarantee for principal and interest payments. The article describes the proposals being considered including the creation of a market access fund that would support products to better serve underserved markets and explains the need for incremental steps when it comes to reform.
SOURCE: Housingwire.com, 1/27/11