View related content: Housing Center
The Urban Institute’s solution to the expiring Qualified Mortgage (QM) GSE Patch is a classic case of bad economics. The recommendation not only does little to limit borrower leverage, it further greases the slope for the next bust. The solution is to let the QM Patch sunset expire in January 2021 as originally planned by the CFPB.
AEI Housing Center announces 10 best and worst metro areas to live in for science, technology, engineering, and math (STEM) jobs
| American Enterprise Institute
While there has been improvement in the underwriting process and elimination of most risky product types, there are looming threats in the mortgage industry that come with the high risk associated with many plain vanilla loans today.