More than two years after the collapse of Fannie Mae and Freddie Mac, the Obama administration offered three models on Friday for how to fix the housing finance market while significantly limiting the government’s role in providing mortgage credit to prospective homebuyers.

In its white paper, the White House offered no outright endorsement of any single plan, but instead laid out the pros and cons of each approach. It also provided relatively few details for how its three options would work. Although the paper was 31 pages, only 4 actually dealt with its various options, with the rest summing up the history of the mortgage market, the government sponsored enterprises’ collapse and recently enacted regulatory reform provisions.

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