Geithner Testimony on Housing Finance Market Reform

On March 15, Treasury Secretary Geithner testified before the Senate Committee on Banking, Housing and Urban Affairs to discuss the Administration’s plan for reforming the housing finance market, which entails: (i) reducing the government’s role in the mortgage market and winding down Fannie Mae and Freddie Mac in a responsible manner; (ii) addressing fundamental flaws in the mortgage market; (iii) improving access to a wider range of affordable housing options; and (iv) setting out ways to structure government support in the housing finance market in the future. Geithner Testimony.