Debate over 30-year mortgage is key component of housing finance reform

08/12/2013 | Hill, The

Many lawmakers and experts agree that the 30-year mortgage should be preserved in whatever shape housing finance reform eventually takes. However, the extent of the government's role in backstopping the loans is still being debated. Some industry experts say the government's stake should be sharply limited; others, including the White House and lawmakers from both parties, say the government should remain a player in order to keep the mortgages affordable for the majority of borrowers.

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Hill, The

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