Penn IUR Research Digest: Housing Finance Reform

Achieving effective housing finance reform requires a balanced approach that incorporates private capital while maintaining government support to ensure market stability. Key proposals include implementing a government-backed guarantee system, establishing robust private capital buffers, and creating a national mortgage note registry to streamline secondary market transactions. Policymakers must carefully design these reforms to protect taxpayers, promote liquidity, and ensure broad access to mortgage credit, thereby fostering a stable and sustainable housing finance system.