Gather 'round, Fools. This is a unique opportunity to tell the government how you feel about the nation's housing situation. Heck, it might even listen.

On Wednesday, the U.S. Treasury released a list of housing-related questions, and it wants your input. There are seven specific questions for which the administration would like public feedback, primarily pertaining to the future of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).

Keep in mind that these two beasts are so intertwined in the workings of the economy that their future status will have implications far beyond their own walls. Everyone from Home Depot (NYSE: HD) to Citigroup (NYSE: C) could feel their effects, for better or worse. This is a seriously important topic.

The seven questions are:

  1. How should federal housing finance objectives be prioritized in the context of the broader objectives of housing policy?
  2. What role should the federal government play in supporting a stable, well-functioning housing finance system, and what risks, if any, should the federal government bear in meeting its housing finance objectives?   
  3. Should the government approach differ across different segments of the market, and if so, how?   
  4. How should the current organization of the housing finance system be improved?
  5. How should the housing finance system support sound market practices?
  6. What is the best way for the housing finance system to help ensure consumers are protected from unfair, abusive or deceptive practices?
  7. Do housing finance systems in other countries offer insights that can help inform U.S. reform choices?

Official responses can be submitted via, but we want to hear what Fools have to say. Care to share your feelings on any (or all) of these questions? Have at it in the comment section below.

Fool contributor Morgan Housel doesn't own shares in any of the companies mentioned in this article. The Home Depot is a Motley Fool Inside Value recommendation. The Fool has a disclosure policy.