Freddie Mac

Treasury Disputes Report on Housing Finance Reform 

The U.S. Treasury has responded to a report in the Washington Post that said President Obama's administration is seeking a proposal for how government can maintain a large role in the housing finance market. The report suggests that the President, responding to advice from senior economic and housing advisors, has directed some advisors to develop a proposal that would extend a federal loan subsidy for most home buyers and preserve the government's major role in housing finance. Deputy Secretary of the Treasury, Neal Wolin, issued the Treasury's response calling the report a mischaracterization, stating that the private sector, with