This will affect the housing market in 2017 by
reducing access to mortgage financing.
Not exact matches
Importantly, Deputy Secretary Patenaude's leadership in these efforts will ensure that Americans have greater
access to mortgage finance credit, promote a greater role for increased private capital in
mortgage finance, and
reduce taxpayer risk exposure.
U.S.
Mortgage Insurers (USMI) offers real solutions
to housing
finance reform that ensure broader
access to sustainable homeownership while
reducing taxpayer risk.
Urban notes in its study, «[p] rivate
mortgage insurers have played a crucial role over the past six decades enabling first - time homebuyers
to gain
access to high -[loan -
to - value] conventional
financing while
reducing losses for the GSEs.»
As the government explores ways
to further
reduce mortgage credit risk while also ensuring Americans continue
to have
access to affordable home
financing, the data shows private MI is an important solution.
A study released by USMI demonstrates how housing
finance risks can be significantly
reduced for the GSEs and taxpayers, while maintaining
access to homeownership with improved borrower economics, through greater use of private
mortgage insurance (MI).
On Tuesday, September 17, 2013, NAR President Gary Thomas sent a letter
to Federal Housing
Finance Agency (FHFA) Acting Director Ed Demarco raising concerns about the continued attempts
to increase cost and
reduce access to conventional
mortgages.
Improving
access to affordable
mortgage financing for qualified home buyers and investors and committing additional resources
to loan modifications and short sales will help
reduce current and future inventories of real estate owned (REO) properties held by government agencies, according
to the National Association of Realtors ®.