On Wednesday July 25, NAR released a report summarizing insights gleaned from NAR’s roundtable on reform of the secondary mortgage market. In the report, the views of each of twelve participants are shared on a variety of issues ranging from the current state of reform, benefits and faults of potential replacement structures, issues remaining to be addressed, and how the administration could shape the discussion.
Reform of the secondary market and the two dominant players in it, Fannie Mae and Freddie Mac, is the last major reform from the crisis that remains unfinished. Insights from NAR’s roundtable will help to inform the general discussion as to what reforms remain, whether the discussion is on track, and where there is a consensus. The roundtable event is part of ongoing efforts by NAR to address housing finance reform and to protect the critical source of financing that REALTORS® and their clients rely on.
Below is media coverage of NAR’s roundtable event: