Description: Let the great unwind begin. A report released by the Obama administration on Friday laid out a plan to reform the American housing finance market, saying the government should be more focused on oversight and consumer protection rather than direct involvement.
Source: BNN.com â€“ video report
Questions for discussion:Â
- Summarize the changes anticipated in the housing industry and mortgage lending markets.
- How will these changes affect buying attitude towards home ownership and borrowing rates?
- How will this impact financial lending institutions?