File: 
housing_finance.pdf

Summary

  • Draft White Paper on the Future of the U.S. Secondary Market for Residential Mortgages
    Prepared by the Mortgage Finance Working Group
    Sponsored by the Center for American Progress
    December 2009

    Contents

    1 Executive summary
    8 Introduction
    11 Principles for mortgage finance reform
    15 Background
    18 Lessons for reform from the crisis
    21 A possible framework for reform
    29 Measuring efforts to serve underserved communities
    31 Transitioning to a new housing finance system
    35 Avoiding mistakes of the past, protecting taxpayers
    38 Conclusion
    39 Membership of the Mortgage Finance Working Group
    41 Endnotes