US Government Role in Housing Market Wanted

A number of groups in the housing industry are strongly requesting the continued involvement of the U.S. Government in the industry. These groups want the government’s involvement because it will help keep the availability of mortgage credit high.

The relationship between the government and the groups in the industry would be one where the groups pay the government a fee in return for a guarantee on the mortgages. Also, there would have to be more oversight and transparency for housing government-sponsored enterprises. If this becomes a reality the government guarantees will need to be extremely clear in order to prevent another mortgage crisis.