| The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market
Toward a Three-Tier Market for U.S. Home Mortgages
This chapter analyzes the various forms of federal programs to support home mortgages–both government-insured mortgages and privately issued mortgages purchased by Fannie Mae or Freddie Mac. It argues that there will be a third tier of home mortgages created by the provisions of the Dodd-Frank Act establishing special rules for qualified residential mortgages.