governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …

additional subsidies to specific groups of homeowners. For example, the Mortgage Revenue Bond program (MRB) permits lower levels … deserving households. States are also permitted to issue and distribute Mortgage Credit Certificates (MCCs) which entitle … recipient homeowners to claim a tax credit for some portion of the mortgage interest paid rather than the tax deduction claimed …

governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …