The nation needs a national housing policy to inform decisions regarding tax reform, regulations and resource allocation. This should include the role of the Federal Housing Administration (FHA) and the permanent role of Fannie Mae and Freddie Mac (Government Sponsored Enterprises or GSEs). Adopting a simple policy such as protecting and promoting sustainable homeownership for all segments of America would be a huge step forward and help to resolve current critical issues regarding the role of government in housing finance as well as constrained credit guidelines and the regulatory burden on both the home building and mortgage finance industries that today impede homeownership at all levels.
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