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WASHINGTON, DC-After convening some of the best minds in the housing financing industry this week, the Administration–as well as the industry–does not foresee that much will change in the way that housing is financed, at least not in the near future. The White House housing financing summit, held this week, is a prelude to an expected proposal to reform the GSEs that will be offered in January.

From comments made by Treasury Secretary Timothy Geithner, it is clear that the government will keep a limited hand in the guarantee of home mortgages. While Fannie Mae and Freddie Mac’s mission and approach to the market may well be overhauled, the constant of a government presence will remain, despite calls for the agencies’ privatization. 

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