Ferrum College Forum on Critical Thinking, Innovation & Leadership will address the
topic of U.S. Housing Financing Reform.
U.S. Housing Financing Reform: Can we manage and control tax payer risk while assuring
continued innovation in the market?
Tuesday, March 17, 2014 | Registration 8:00am | Program 9:00am – 12:00 noon |
The Hotel Roanoke & Conference Center | LiveStream
The 2015 annual Forum will examine the causes of market weakness and possible solutions
to restoring the vitality of the U.S. housing finance system while reducing taxpayers'
risk to potential future losses.
The U.S. housing finance system has not recovered from the traumatic shock of the
2008 collapse in home valuations and the large financial losses imposed on lenders,
homeowners, and taxpayers. The credit crisis resulting from the collapse is often
cited as the primary cause of the Great Recession in the United States.
Fannie Mae and Freddie Mac remain in government conservatorship, which effectively
amounts to government ownership. Almost 9 of every 10 new mortgages are currently
financed by the government. This practice is widely regarded as unsatisfactory, inefficient,
and unsustainable, but efforts to enact reform have gotten little traction in the
Questions for discussion include:
- How would the Housing Finance Reform legislation now before the Congress reshape this
- Should Fannie and Freddie be wound down? How? Are there legitimate concerns about
the “taking” of property from Fannie and Freddie shareholders by the federal government?
- Is the Government-Sponsored Enterprise (GSE) a useful form of public-private partnership
for achieving public policy goals?
- Is a federal back-up guarantee for mortgages necessary to preserve a liquid market
and easy access to credit with 30- year fixed-rate mortgages?
- What are the most effective means of increasing the “affordability” of housing? Is
there a continuing role for FHA?
Details will be posted as they become available.