On February 11th, the Obama Administration released its proposal for reforming the housing finance market. The proposal states that the government's role in the housing finance market "should be limited to robust oversight and consumer protection, targeted assistance for low- and moderate-income homeowners and renters, and support for market stability and crisis response." The plan presents several proposals for structuring the government's long-term role in housing finance,including the eventual wind-down of FNMA and GNMA, and evaluating these proposals according to their effects on: access to mortgage credit; incentives for investment in the housing sector; taxpayer protection; and financial and economic stability. See also Treasury Department Press Release.