From the Blog
Mortgage Debt Forgiveness Act renewal could benefit millions
What could happen if Congress chooses not to renew the Mortgage Debt Forgiveness Act? The Treasury’s $2.6 billion two-year estimate may be a small price to pay for the benefits of renewal.Read More
Fast pay-off, low down payment loans perform well
We’ve heard a good deal recently about how upcoming potential homebuyers will be locked out because of low wealth, high debt, and uncertain, lower incomes. While some potential new homeowners might have all of these characteristics, many will fall into just one or two categories. Read More
Extending the HARP cutoff date is no silver bullet
The Home Affordable Refinance Program (HARP) stands out as one of the Obama administration’s most successful interventions to help borrowers hit by the housing market crash. The program is aimed at borrowers who took out mortgages backed by Fannie Mae and Freddie Mac (the GSEs) prior to June 1, 2009, and enables them to refinance their loans even if the loans did not meet the GSEs’ normal requirements for refinancing. Read More
GSE reform legislation? Yes, sir.
For anyone who thinks the Obama administration may be giving up on housing finance reform, think again. Today, in a speech to the ABS Vegas 2014 Conference, Treasury Counselor Michael Stegman said flatly, “The administration is still firmly committed to comprehensive housing finance reform.” Read More
Read more housing finance blog posts on our website.