America’s housing finance engines, Fannie Mae and Freddie Mac, have been in government conservatorship for almost fourteen years. This rescue plan followed the 2008 housing market crash, and since then several proposals have been suggested to restructure or replace the conservatorship. Moving forward, what is the road out and what will that mean for the American dream of homeownership?
On February 23, the Center on Regulation and Markets at Brookings hosted a conversation answering this question. First, we heard from Michael Calhoun, co-author of a paper proposing one road forward. Then a panel of experts offered their take, including Diane Yentel, president and CEO of the National Low Income Housing Coalition; Dennis Shea, executive director of J. Ronald Terwilliger Center for Housing at the Bipartisan Policy Center; Margaret Franklin, vice president at Fulcrum Public Affairs; and Bryan Greene, vice president of policy advocacy at the National Association of Realtors.
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