Now that Dodd-Frank rules are in place, many of the lending abuses that caused the housing crisis are now illegal. The most pressing problem today is the stagnant housing market. There are three distinct issues.
- The continuing flood of foreclosures
- Lending that is too restrictive for qualified working families
- Ensuring that lenders have capital to make mortgages (i.e., the future of Fannie Mae and Freddie Mac)
- Strong foreclosure prevention.
- No mandatory down payment requirements. (good QRM rules)
- A continuing government role in supporting the mortgage market
For more information please visit our policy page.
We know the foreclosure crisis started with bad subprime loans and then infected the entire market. The big question is, how will it end? Here we have collected foreclosure facts, research, trends and solutions. Also, find out more about robo-signing and other mortgage servicing abuses..
The issues policymakers are debating today will determine the shape of the mortgage loan market for years to come. Some of the central issues before us include the fate of the government-sponsored enterprises (Fannie Mae and Freddie Mac), down payment requirements (defining “qualified residential mortgages”) and the future of the Federal Housing Agency (FHA).