How, and why, we should solve housing’s affordability problem
America’s affordability crisis is worsening. Its reasons are manifold, whether a product of the “k-shaped” recovery that has left 28% of renters owing back rent on their homes, or rapid house price appreciation driven by demand for new homes that rapidly outpaces supply. But what can the US mortgage industry do in the face of these challenges to help to create the affordability so many Americans need? At the MBA’s recent CREF21 conference, a panel of mortgage experts broke down the affordability question and offered a few concrete solutions. Tony Love, SVP of affordable housing and FHA lending at Bellwether Enterprise Real Estate Capital, facilitated a wide-ranging discussion with John Gilmore, managing director of real estate fina
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