Relevant:
- Obama Pushes Renting, Making It Easier To Whack Fannie And Freddie
- GSE Reform: "A Responsible Market for Housing Finance"
- Geithner Q&A:Housing Reform To Come After Housing Mkt Repaired
- HOUSING FINANCE REFORM: Reduced Loan Limits, Larger Down Payments, Higher FHA MIP Fees
- Geithner: Housing And “The Next Recessionâ€
2011-03-01 — mortgagenewsdaily.com
"Geithner criticized the government's long-standing role in housing finance for supporting incentives that distorted the market, created significant moral hazard, and ultimately left taxpayers responsible for the resulting mess. While all Americans should have access to affordable, quality housing, he said, the goal should not be for every American to become a homeowner. Targeted and effective support should be available to families who have the financial capacity to own a home but are underserved by the private market coupled with a range of options for Americans who rent."
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