Housing’s critical problems are “intrinsic to the GSEs’ charters”

Private capital is the cornerstone of the housing reform movement, as the U.S. Treasury and other housing regulators push for more reform to ensure that the financial crisis will never occur again. This needs to happen before any talks on getting rid of Fannie Mae and Freddie Mac, according to Michael Stegman, counselor to the secretary for housing finance policy with the Treasury.