The U.S. Department of the Treasury issued a mortgage reform plan. The "Housing Reform Plan" was developed pursuant to a Presidential Memorandum with the following goals: "(i) ending the conservatorships of the Government-sponsored enterprises (each, a "GSE") upon the completion of specified reforms; (ii) facilitating competition in the housing finance market; (iii) establishing regulation of the GSEs that safeguards their safety and soundness and minimizes the risks they pose to the financial stability of the United States; and (iv) providing that the Federal Government is properly compensated for any explicit or implicit support it provides to the GSEs or the secondary housing finance market."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
