A rule recently proposed by the Federal Housing Finance Agency could help facilitate a more affordable and fair housing market.
Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, testifies before the Senate Committee on Banking, Housing, and Urban Affairs Committee about housing finance reform.
By supporting core values of access and affordability, the housing-finance system can help provide access to credit, enable families to build wealth, build strong neighborhoods, and support both the local and national economy.
Senior Fellow Janneke Ratcliffe testifies before the Senate Committee on Banking, Housing, and Urban Affairs.
CAP’s Mortgage Finance Working Group offers suggestions to the Federal Housing Finance Agency to bring liquidity, stability, transparency, and private capital into the secondary mortgage market and ensure that borrowers have access to safe, sustainable, and affordable mortgage products.
Comments from the CAP Housing Team outline how the agency’s plan for state-level guarantee fee pricing is an incorrect solution to elongated foreclosure timelines.
The agency stands in the way of principal reductions by mortgage financiers Fannie Mae and Freddie Mac, but the Treasury Department can fix that, writes John Griffith.
New data from the firms’ regulator confirms that principal reductions can be good business practice, write John Griffith and Daniel Molitor.
John Griffith and Jordan Eizenga explain why Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency should embrace a targeted principal-reduction program for certain deeply underwater loans it owns or guarantees.