The Moment Is Right for Housing Reform. James Stock, April 24, 2014, Opinion. "In his State of the Union address President Obama called for Congress to send him legislation that would provide a solid foundation for housing finance in the future. Such legislation would protect homeowners, communities and taxpayers from another housing crisis. It would also enhance access to home loans for creditworthy borrowers and ensure the availability of consumer-friendly mortgages like the 30-year fixed-rate mortgage. In the run-up to the Great Recession, Fannie Mae and Freddie Mac took on large amounts of risky..."