This is an excellent article from the Houston Chronicle about proposed reforms to the existing mortgage financing system in the United States.
Though not every proposed reform will have a direct impact on consumers, initiatives in five key areas likely are to change mortgage financing in the future. These areas are the unfinished business of mortgage reform.
Winding down Fannie Mae and Freddie Mac.
Creation of a common securitization platform.
Reform of the compensation system for mortgage servicers.
Revision of key documents for borrowers.
You can read the entire article in the following link: