Reform of the Housing Finance System

Obama Administration Seeks Public Input on Reform of the Housing Finance System

As HUD Secretary Donovan mentioned in his testimony before the House Financial Services Committee (see above), the Obama Administration, on April 14, released questions for public comment to solicit input from market participants, industry groups, academic experts and consumer and community organizations on the future of the housing finance system in the U.S., including Fannie Mae and Freddie Mac, and the overall role of the federal government in housing policy. Information regarding the process for submitting comments will be included in a notice to be published in the Federal Register. The Administration will also hold public hearings to get additional feedback.  Administration Release.