Credit Access For Less Secure Borrowers Central to Housing Finance Reform

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Posted To: MND NewsWire

The Center for American Progress (CAP) and the National Council of La Raza have released a paper, Making the Mortgage Market Work for American's Families, which evaluates some of the problems facing the current mortgage market and presents challenges for its reform. The paper also presents a couple of concrete suggestions for reform including creations of a Market Access Fund to provide credit enhancement and supportive services to underserved but creditworthy populations and a framework for evaluating participants in an eventual new secondary market. We are summarizing the paper's assertions in two parts. This initial article deals with an overview of current market challenges and the need for increased access and affordability and the secondary market's role in supporting this access and...(read more)

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Source: http://www.mortgagenewsdaily.com/06072013_secondary_market_reform.asp

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