This Issue’s Highlight
Spotlight on Efforts to Expand the Subprime Credit Box
The National Association of Realtors (NAR) has been steadfast in its support of subprime loans and undeterred by the loans’ demonstrable harmful impact on working-class families and neighborhoods. The Urban Institute recently added to the subprime chorus with the release of a report entitled Opening the Credit Box. These calls for expanding subprime lending fly in the face of one immutable fact: the safe operation of the US mortgage market over the long term depends on the preponderance of loans being prime—loans with a low risk of default under stress conditions.
This Month’s Features:
- Spotlight on Efforts to Expand the Subprime Credit Box
Government’s Guarantees of Subprime Loans Harm Working-Class Families and Communities
- Spotlight on Best Price Execution
Lower-Risk Borrowers Steered to FHA Loans Overpaid an Estimated $710 Million in FY 2013
- Spotlight on Insolvency
Government Accountability Office Confirms Oversight Benefits of Private GAAP Methodology
- Spotlight on Delinquency
Little Change in Various Rates from August to September
