What Obama’s Immigration Plan Means for Mortgage Lenders

by Evan Nemeroff President Obama’s executive action to address immigration reform will most certainly be challenged by Congressional Republicans, but the move could spark broader efforts that may ultimately benefit the mortgage industry. Specifically, giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders’ and borrowers’ qualms about mortgages to…

Immigration changes could boost housing sales

by Roberta Fuchs President Barack Obama’s decision to weather a Republican backlash and reform immigration regulations could have a significant impact on the housing market. In allowing millions of undocumented residents to work legally and avoid the threat of deportation, Obama is opening a door to a sector of society formerly living in the shadow…