This event will be livestreamed online at http://www.visualwebcaster.com/event.asp?id=77761
The white paper unveiled at this event is a follow-up to the Obama administration's February 11, 2011, report to Congress entitled "Reforming America's Housing Finance Market." In the report, the administration adopted some of the key points set out by AEI housing finance experts Peter J. Wallison, Alex J. Pollock, and Edward Pinto in their January 20 preliminary paper "Taking the Government out of Housing Finance: Principles for Reforming the Housing Finance Market."
The administration's paper broke new ground by including a private mortgage market as one of the three options for structuring the housing finance market in the future--a pivotal action, and a first for a Democratic administration. Whether most housing in the United States should be financed in a private market without a government guarantee is now open for consideration. In its paper, the administration raised reasonable concerns about this option. In this briefing, Wallison, Pollock, and Pinto will address these concerns and show how to produce a robust, stable private system for originating and financing mortgages, while protecting American taxpayers.
"Taking the Government out of Housing Finance: Principles for Reforming the Housing Finance Market" is designed to provide common ground around which a bipartisan agreement may be forged. Join us for the first presentation of this document and a chance to ask questions and participate in a general discussion.