“A never ending cycle of boom, bust, bailout.” That’s been the American people’s experience of the housing finance system for too long, according to Rep. Jeb Hensarling (R-TX) 83% who spoke at the Heritage Action Conservative Policy Summit earlier this month.
Questions and Answers:
“Do we need a broad-based government guarantee in the U.S. housing market?”
No. A government guarantee is not necessary to have a stable housing market. Removing the broad government guarantee in the U.S. secondary mortgage market would likely result in a more stable housing finance system.