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Washington
Administration seeks public input on housing finance reforms
WASHINGTON (4/15/10)--The Obama administration on Wednesday sought public comment on potential housing finance reforms, asking for direct input on how the current organization of the housing finance system can be improved and how that system can support “sound market practices.” The administration also asked for input on the roles of Fannie Mae and Freddie Mac. "The overall role of the federal government in housing policy,” as well as other questions, which will be published in the Federal Register, “have been designed to generate input from a wide variety of constituents, including market participants, industry groups, academic experts, and consumer and community organizations.” The administration wants constituents to detail what role the federal government could play in “supporting a stable, well-functioning housing finance system and what risks, if any, should the federal government bear in meeting its housing finance objectives,” and, as the government changes its approach, whether or not that approach should “differ across different segments of the market.” "A well-functioning housing finance system is critical to the long term stability of the housing market," U.S. Treasury Secretary Tim Geithner said . He added that "hearing from a wide variety of perspectives” as the administration moves forward “is an important part of establishing a more stable and sound housing finance system for the American people." In addition to collecting the comments, which will be taken in via an online portal at http://www.regulations.gov/, the administration will hold several public forums nationwide.


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