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The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.
years, according to recent data, when it was only about five years just before the housingmarket crash of 2007. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations.
” The Treasury is allocating $100 million by 2027 to finance affordable housing in a new program administered by the Community Development Financial Institutions (CDFI) Fund. By law, they are required to devote at least 10%. Voluntarily, the FHLBs have already increased their commitment to 15%.
For anyone wondering what a Democratic or Republican presidential administration might look like for the housingmarket in 2025 and beyond, industry experts can provide some insights based on their experience in government, proximity to D.C. or decades in the private sector. It hasn’t changed since 1997.
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