As the economic impact of the pandemic continues, one of the biggest issues to emerge in housing finance is the availability of mortgages. Media reporting and policy…
Since 1993, NeighborWorks America has convened over 15,000 lower-income resident leaders at the Community Leadership Institute (CLI). Resident attendees come from across…
Demand for multifamily housing, especially affordable and middle-income rental housing, is rising as the nation continues to add new households. However, overall housing…
Alexander Hermann, Chris Herbert, Jennifer Molinsky
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February 10, 2020
Over the last few decades the share of older homeowners (age 62 and older) with mortgage debt has doubled, while the typical amount of outstanding debt relative to home…
Credit risk transfer (CRT) has become, in relatively quick order, a core component of the business model of the two Government-Sponsored Enterprises (GSEs), Freddie Mac and…
Fannie Mae and Freddie Mac, the two Government-Sponsored Enterprises (GSEs), are required by law to be residential mortgage monolines. However, after the 2008 Financial…
Whitney Airgood-Obrycki, Jennifer Molinsky
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January 14, 2020
As the overall population ages, the number of very low-income older adult households that qualify for HUD housing assistance is rising rapidly. Older adults tend to stay in…
As 2019 ends, the two Government-Sponsored Enterprises (GSEs) Freddie Mac and Fannie Mae finally have some momentum in ending their conservatorships, the legal status under…
A significant feature of America’s residential mortgage system is its heavy politicization. This case study is about one long-running, specific aspect of that politicization…
Recent work has highlighted the significance of incarceration for wealth accrual and black-white gaps in homeownership, but the monetary sanctions and disruptions to…