Is a Hybrid Public-Private Mortgage System the Answer?
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0 Left 0 Centered 0 RightAs the debate on housing finance policy continues to heat up, another proposal has entered the picture. While the two extreme ends of the spectrum are those generally being discussed -- the government leaving the market entirely or it backing the market entirely -- there's another possibility. A hybrid system could be developed where the government provides a partial guarantee. Moody's chief economist Mark Zandi and credit analytics director Cristian deRitis suggest this alternative in a paper (...