Description
Book SynopsisNearly a decade after the housing market's collapse triggered the Great Recession, members of both sides of the political aisle are calling for reform. Principles of Housing Finance Reform lays out a roadmap for reforms for a new housing finance system to achieve liquidity, access, and sustainability.
Trade Review"The book is straight on American housing financial system and is highly interesting, if you want to learn about and to analyze the system . . . It is magnificient that the authors present and analyze serious proposals instead of just criticizing, when something has got off the track." *
Journal of Housing and the Built Environment *
"Discussions of fixing the U.S. housing finance system often devolve into theoretical tussles that do not connect to the real world complexities of transforming a ten-trillion-dollar market. Not so with the practical, analytical and reasonable recommendations contained in
Principles of Housing Finance Reform which provides a well-researched roadmap for reform." * Andrew Davidson, President, Andrew Davidson & Company *
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Principles of Housing Finance Reform provides an instructive and realistic assessment of key legal, regulatory, and marketplace issues facing policymakers in reshaping the Nation's housing finance system." * Ed DeMarco, former Director of the Federal Housing Finance Agency (FHFA) and current Senior Fellow, Milliken Institute *
"The shortcomings of America's housing finance system were vividly exposed after the crash of 2007, but we have yet to meaningfully reform that system. This edited volume provides an excellent guide to how reform should occur. Wachter and Tracy have brought together a terrific set of papers which map out the intellectual terrain and provide a rich set of ideas about fixing America's housing system. Anyone who is hoping that our future housing policies will be better than our past housing policies would do well to read this book." * Edward Glaeser, Harvard University *
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Principles of Housing Finance Reform is full of interesting, often highly idiosyncratic information about how the U.S. housing finance system works, or often doesn't work. By collecting the essays of leading scholars into one volume, editors Susan M. Wachter and Joseph Tracy provide a very useful public service." * Robert Buckley, The New School *
