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 – video report

Date: 02/11/2011

Link:  http://www.bnn.ca/News/2011/2/11/US-housing-market-going-private.aspx

Questions for discussion: 

• 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?