A Challenge To A Ginnie Mae-Based Approach To Housing Finance Reform

This post is the seventh in our Housing America Series, aimed at elevating the need for housing policy reforms—from housing finance to affordability—as we move through a pivotal federal election and transition.

While it is too early to tell how the 2016 elections will affect the prospects for ending the government-sponsored enterprises’ (GSEs) lengthy conservatorship, stakeholders of all political stripes should be encouraged by Treasury Secretary-designate Steven Mnuchin’s intention to make housing finance reform a Trump administration priority. While there are many GSE reform proposals out there, the election has elevated interest in one particular proposal because its authors command broad professional respect, have extensive in-the-trenches experience, and enjoy deep Republican ties.