Brief Access and Affordability in the New Housing Finance System
Jim Parrott, Michael Stegman, Phillip L. Swagel, Mark M. Zandi
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One of the measures by which any proposed housing finance system must be judged is how well it would serve low- and moderate-income (LMI) households. In this analysis, we assess how well the multi-guarantor system proposed in the draft bill under discussion in the Senate Banking Committee (as of February 2018) would serve these households, concluding that they would do considerably better than they do under the system we have today. The bottom line is that the proposed system provides considerably more and better-targeted support to assist LMI households.

Research Areas Wealth and financial well-being Housing finance Housing
Tags Federal housing programs and policies Asset and debts Housing and the economy Single-family finance Agency securitization Housing finance reform Homeownership Financial products and services Housing affordability Finance
Policy Centers Housing Finance Policy Center