ARTICLE
11 September 2019

Treasury Issues Mortgage Reform Plan

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The U.S. Department of the Treasury issued a mortgage reform plan. The "Housing Reform Plan" was developed pursuant to a Presidential Memorandum with the following goals:
United States Finance and Banking

The U.S. Department of the Treasury issued a mortgage reform plan. The "Housing Reform Plan" was developed pursuant to a Presidential Memorandum with the following goals: "(i) ending the conservatorships of the Government-sponsored enterprises (each, a "GSE") upon the completion of specified reforms; (ii) facilitating competition in the housing finance market; (iii) establishing regulation of the GSEs that safeguards their safety and soundness and minimizes the risks they pose to the financial stability of the United States; and (iv) providing that the Federal Government is properly compensated for any explicit or implicit support it provides to the GSEs or the secondary housing finance market."

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