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Industry Welcomes Treasury's Call to Focus on Home Affordability

Friday, October 28, 2016
Brian Collins | National Mortgage News
Michael Calhoun

The Treasury report recognizes that "affordability is the really the key issue facing housing finance right now," said Mike Calhoun, president of the Center for Responsible Lending. The costs associated with risk-based pricing along with the re-pricing of mortgage insurance have suppressed credit access.