The financial crisis exposed fundamental deficiencies in the US mortgage finance system. This report, US Mortgage Finance: What Should the Future Look Like? explores the set of options faced by policy makers for driving the evolution of the single-family home finance landscape.
The article outlines the importance of clearly defined objectives in this redesign and emphasizes that a central element of any redesign will be a re-conception of the role of the government-sponsored enterprises (GSEs). The report also examines the options for the future and makes recommendations for the design of a new US mortgage finance system.
