NEW YORK (S&P Global Ratings) Sept. 9, 2019--The U.S. Treasury last week released its long-awaited plan for housing finance reform, including a long list of ambitious goals to rework and limit the government's involvement in the housing market and to encourage greater participation of private capital. Ending the conservatorship of, and ultimately privatizing, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and reforming the Federal Housing Administration (FHA) are key parts of the plan. The Administration's purpose of creating "a competitive mortgage market with a limited government role, ensuring taxpayers never again have to rescue Fannie Mae and Freddie Mac"--as stated by the director of the Federal Housing Finance Agency (FHFA), Mark Calabria--has the potential to eventually alter our view
