In the fall of 2008, the world watched in horror as the U.S.
housing finance system shattered, triggering a global financial
panic and ultimately the Great Recession. Now, nearly a decade
later, the long and slow housing recovery has reached a critical
moment. Though the housing finance system has stabilized, it
remains in the hands of the federal government, leaving taxpayers
exposed to the credit risk while private funding remains mostly on
the sidelines. Principles of Housing Finance Reform identifies the
changes necessary to modernize the housing finance system,
identifying guiding principles that should underlie a rebuilt
system. Contributors to the volume set out a wealth of innovative
solutions that are possible within this framework, presenting
proposals for long-term structural reforms that would infuse new
life into the U.S. housing finance system while enhancing long-term
stability. Nearly a decade after the inception of the Great
Recession, reform proposals have arisen across the political
spectrum. This is a moment of opportunity for rebuilding a key
sector of the U.S. economy. The research in this volume represents
the best thinking of policy researchers and economic experts on the
challenges that lie ahead and provides a roadmap for reforms to
create a system characterized by liquidity, stability, access, and
sustainability. Contributors: W. Scott Frame, Meghan Grant, John
Griffith, Diana Hancock, Stephanie Heller, Akash Kanojia, Patricia
C. Mosser, Kevin A. Park, Wayne Passmore, Roberto G. Quercia, David
Scharfstein, Phillip Swagel, Joseph Tracy, Susan M. Wachter, Dale
A. Whitman, Mark A. Willis, Joshua Wright.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!