At least one panel at a housing forum sponsored by the National Association of Home Builders saw sharp disagreement among participants regarding the balance between the private sector's role in mortgage financing and the level of federal support. Peter Wallison of the American Enterprise Institute said that lowering the conforming loan limits of government sponsored enterprises Fannie Mae and Freddie Mac will eventually allow the private sector to take over.
Michael Calhoun, president of the Center for Responsible Lending, responded, "Private capital by itself will not secure a safe market and most importantly, private capital during a down market is least likely to be there." The forum was keynoted by two co-sponsors of S1217, the Housing Finance Reform and Taxpayer Protection Act of 2013. The senators intend to keep the 30-year, fixed-rate mortgage a viable option for consumers.