- How housing is financed has changed significantly in the seven years since the mortgage crisis, from tighter regulation and increased oversight to shifts in housing needs and our country’s cultural dynamics. What role do banks, local not-for-profits, and individuals play in the ever evolving mortgage and housing markets?
- Recent communications by the Federal Reserve Board Federal Open Market Committee (FOMC) have set the stage for increases in interest rates in mid to late 2015. As the domestic economy continues to demonstrate fundamental signs of a sustained recovery, including modest price increases and wage gains, few have challenged the merit of increasing interest rates in the near term.
- In an era when banks are forced to hold more capital, the GSEs, which became insolvent during the financial crisis and needed a substantial infusion of capital to remain operational, have cut the minimum down payment for homebuyers.
- Across the US, local efforts are emerging to address the lasting effect of the housing finance crisis on neighborhoods and accessibility to affordable housing.
- As 2015 opens with the promise of a resurgent mortgage market driven by lower rates and more accommodative policies, successful and sustainable solutions to how we fund housing in America must address three critical non-economic factors.