The push for reforming the housing finance system to include multiple government-backed guarantors received a vote of confidence from nearly 130 lenders from 40 states who recently wrote to Congress to explain why they think implementing such a model is the best option.
In their letter, the lenders detailed the principles on which they believe such a system should be based, including some that have seen growing support in Congress, and how such a change could build on and improve the existing, two-guarantor structure.
Find out more details about those principles and why these lenders believe they would lead to the best system for taxpayers and the U.S. mortgage markets.