It’s time for some policy trivia! Question: What has been one of our top policy priorities on access to credit over the past 2 years? Answer: The expiration of the QM patch and the new definition of Qualified Mortgage! Question: What government agency has jurisdiction over defining what loans are considered “Qualifed Mortgage”?Answer: Consumer Financial Protection Bureau or CFPB
A recent NAHREP survey, cited in The New York Times, explains why landlords and renters alike need help during this time of crisis.
I cannot believe it is already September. It’s back to school time, or back to zoom time? Mad respect to all of the parents out there for balancing rock star careers while “staffing” your kids while they sit in front a zoom classroom cross eyed making faces at each other. Dogs barking, kids screaming, life happening: life, work, blurred lines all around. It’s called 2020 damas y caballeros, and this madness is feeling weirdly familiar now. Speaking of which, who can tell me their most embarrassing “zoom school” related story? I could really use the humor right now!
NAHREP issues joint comment letter to FHFA on Enterprise Regulatory Capital Framework In a joint comment letter submitted to FHFA, NAHREP and a coalition of industry and consumer groups urge the agency to reconsider the proposed enterprise capital rule. While the coalition appreciates FHFA’s attempt to provide a more standardized level of risk-based pricing, the…
The Republican National Convention is happening this week and, as promised, we’re going to cover what the Trump Administration has meant for housing and homeownership. While it is not the same to compare a plan, something that we have no clue will actually get enacted, to actual actions taken by a particular administration, it is still important to understand the different philosophies and priorities of the candidates for President we have before us.
Let’s get right to the point, the national conventions have officially started. In an effort to put our mission before politics, let’s have some real talk about what our choices for president might mean for housing and homeownership. In the midst of the Democratic National Convention, we’re releasing a summary of the Biden Housing Plan. This is the first of a two-part series. The second will be released during the Republican National Convention where we’ll summarize President Trump’s housing agenda so far.
NAHREP joins a broad coalition of organizations representing the housing, financial services industries as well as consumer groups in issuing a joint statement urging an immediate reversal of the Government Sponsored Enterprises’ announcement requiring an additional 50 basis point increase on all GSE-backed refinances effective September 1. Not only does this announcement conflict with the Administration’s recent executive actions urging federal agencies to take all measures within their authority to support struggling homeowners, but the additional fee will be particularly harmful for low- and moderate-income homeowners, first time homeowners and borrowers of color. Now is not the time.
Brace yourselves: this election is going to be intense. So far this year we’ve had a global pandemic, a record-setting economic crisis, and a racial reckoning after the killing of George Floyd, creating one of the longest periods of unrest in our nation’s history. Everything is being politicized: from reopening schools to wearing a mask in public. Add to all of this a presidential campaign that is now in full swing and everything is about to get un poco loco. Now more than ever we have to be analytical of the information we consume, be reflective and be united around a common agenda.
Past NAHREP Northern Virginia President and current member Rob Chevez illustrates the difficulties landlords face with unemployment benefits expiring and what they can do to stay afloat in this Zillow Group article.
¿Cómo andamos? Before we get into this week’s policy discussion, I want to take a moment to recognize a very exciting thing that happened recently. Last week, the U.S. House of Representatives voted to approve the establishment of a National Museum of the American Latino. I had the privilege of working on a bill that explored this possibility back in 2005 with then Congressman Xavier Becerra. It has been a long time coming, and today we are one step closer that museum being a reality.