Publication Date

March 2013

Author(s)

Janneke Ratcliffe

Researchers recommend how to build a mortgage market that is fair, accessible, affordable, and fiscally sound, one that works better for more households and communities than ever before.

From the 1930s through the end of the last century, the United States enjoyed a vibrant, stable, housing market that evolved to provide liquidity for mortgages in all parts of the country through every business cycle. The system was not perfect, but it contains valuable lessons for us as we look to rebuild.

By applying those lessons to meet the goals outlined in this testimony, we have the opportunity to build a mortgage market that is fair, accessible, affordable, and fiscally sound, one that works better for more households and communities than ever before.