Although the Obama administration has failed to put forth any definitive proposal for mortgage finance reform and Congress has made little progress on the issue, some researchers are urging policymakers to reduce the role of government as much as possible. “I would dearly love to get rid of the government guarantee,” said Anthony Sanders, professor and senior scholar at George Mason University’s Mercatus Center during a panel discussion in Washington, DC, regarding the future of the government-sponsored enterprises. He added, however, that housing policy must carefully avoid creating a market...