In outlining a series of goals for housing finance reform, Michael Stegman, counselor to the Secretary of the Treasury, noted that Treasury would “seek to enhance the conditions for private capital to serve a greater role in taking on mortgage credit risk.” This belief is at the heart of the Housing Commission’s report: The current government role in the mortgage market must be decreased and the private sector role must be increased if any housing recovery is to not only be achievable, but sustainable, as well.