|1. Wind Down Fannie Mae and Freddie Mac and Help Bring Private Capital Back to the Market. |
Phasing in Increased Pricing at Fannie Mae and Freddie Mac to Make Room for Private Capital, Level the Playing Field.
Reducing Conforming Loan Limits.
Phasing in 10 Percent Down Payment Requirement.
Winding Down Fannie Mae and Freddie Mac's Investment Portfolios.
Returning Federal Housing Administration (FHA) to its Traditional Role.
2. Fix the Fundamental Flaws in the Mortgage Market.
Helping Consumers Avoid Unfair Practices and Make Informed Decisions About Mortgages.
Increasing Accountability and Transparency in the Securitization Process:
Creating a More Stable Mortgage Market.
Servicing and Foreclosure Processes.
Forming a New Task Force on Coordinating and Consolidating Existing Housing Finance Agencies.
3. Better Target the Government's Support for Affordable Housing.
Reforming and Strengthening the FHA.
Rebalancing the Housing policy and Strengthening Support for Affordable Rental Housing.
Ensuring that Capital is Available to Credit-worthy Borrowers in All Communities, Including Rural Areas, Economically Distressed Regions, and Low-income Communities.
Supporting a Dedicated Funding Source for Targeted Access and Affordability Initiatives.
4. Longer-Term Reform Choices.