This is helpful. Raj Date from Cambridge Winter came up with a decision tree to follow to policy outcomes for the GSEs. Though simplified, it’s a helpful first step to see some of the issues on the table (click through to a larger image):
Lots of White Papers
If you are interested in learning more about the various policy proposals in the end stage above, here is AEI’s Alex Pollock’s article Reform of the Housing Finance System and his testimony Seven Steps toward Sound Mortgage Finance.
Susan Wachter is a member of the Mortgage Finance Working Group (MFWG) convened by the Center for American Progress (CAP). Here is their Principles to Guide Development and Regulation of a Renewed Mortgage Finance System, an overview to the debate, as well as their A Responsible Market for Housing Finance paper.
We’ll be following the unfolding of this debate over the next months.