Policy Forum

Bringing Private Capital Back into Our Mortgage Market

Join the conversation on Twitter using #CatoEvents. Follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute. If you have questions or need assistance registering for the event, please email our staff at events@​cato.​org.

Date and Time
July 26, 2012 12 - 1 PM EDT
Hayek Auditorium
Featuring Damon Silvers, AFL-CIO; Bill Frey, Greenwich Financial Service, LLC; and Tomasz Piskorski, Columbia Business School; moderated by Mark Calabria, Cato Institute.

One consequence of the financial crisis has been the increased concentration of our nation’s mortgage market into government‐​controlled entities, such as Fannie Mae, Freddie Mae and the Federal Housing Administration (FHA). Government entities currently shoulder almost 90 percent of the credit risk in our mortgage market. With the rescue of Fannie and Freddie already having cost the taxpayer over $180 billion and FHA teetering on the brink of insolvency, it is critical for policymakers to chart a path toward encouraging private market participants to bear that risk. Our panelists will examine obstacles and solutions for bringing private capital back into our mortgage market.