Working to find actionable solutions to the nation's key challenges.

James Lockhart: A decade after the financial crisis, mortgage market still needs fixes

News / News September 12, 2018

There is no excuse for the continued massive government involvement in housing finance. As we did 10 years ago, the Federal Housing Finance Agency must work with Congress and the administration to reform the mortgage market.

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A Framework for Improving Access and Affordability in a Reformed Housing Finance System

Housing / Research May 31, 2017

With policymakers gearing up to reform the housing finance system, it is worth revisiting one of the issues that stymied negotiators in the reform effort of 2014: how to ensure adequate access to credit in the new system.

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A Challenge to a Ginnie Mae-Based Approach to Housing Finance Reform

Michael A. Stegman / Blog December 20, 2016

Michael Bright and Ed DeMarco’s proposal to end the conservatorship of the GSEs would use the Ginnie Mae platform to create a new secondary mortgage market.

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Fannie-Freddie Regulator to Plan to Stay On Under Trump

Housing / News December 15, 2016

Watt has told employees and others close to him that he plans to stay at his post after Trump becomes president to serve out a term that doesn’t end until January 2019.

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BPC’s Stegman on Potential GSE Reform

Housing / Press Release November 30, 2016

The next administration and Congress should work to ensure continued access to affordable mortgage credit. BPC stands ready to help with this critical effort.

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The Impact of the 2016 Elections on GSE Reform

Michael A. Stegman / Blog November 18, 2016

While the election has surely changed the dynamics of housing finance reform, it is too early in the transition to know in exactly what ways.

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Enhancing Access to Credit with New Scoring Tools

Michael A. Stegman / Blog October 31, 2016

Roughly 45 million consumers, many minorities in low-income neighborhoods, are essentially shut out of the opportunity to access mortgages through the GSEs.

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FHFA’s Credit Risk Program and the Future of GSE Legislation

Michael A. Stegman / Blog September 8, 2016

If there is one feature of a reformed housing finance system that has broad buy-in, it is that private capital should take the majority of mortgage credit risk.

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How Much Capital Is Enough?

Michael A. Stegman / Blog August 15, 2016

Lawmakers must strive to find the sweet spot between protecting taxpayers against another government bailout and providing broad and affordable access to credit.

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Building on the Johnson-Crapo Consensus

Michael A. Stegman / Blog August 3, 2016

The Johnson-Crapo bill should serve as a starting point as stakeholders prepare for a renewed debate about the future of Fannie Mae and Freddie Mac.

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