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Democrats bring new housing finance reform legislation to the table
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Reps. John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new proposal to Congress July 10 that would serve to overhaul the current housing finance system.
The proposal, which is known as the Partnership to Strengthen Homeownership Act, HR 5055, is just the latest in the long line of proposed legislation aiming to reconfigure the system currently in place with Fannie Mae and Freddie Mac.
The legislation is designed to bring in private capital to help ensure the strength of the housing market and reduce the risk of future bailouts.
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