Why Housing Affordability Is a Mirage

Home prices and mortgage rates have made monthly mortgage payments lower than at any time in the past decade. But housing isn’t any more affordable than it was five years ago, during the go-go lending days, after factoring in down payment requirements and other...

FHFA Proposes Rule for PACE Programs

For Immediate Release Contact: Corinne Russell (202) 649-3032 June 15, 2012 Stefanie Johnson (202) 649-3030 FHFA Proposes Rule for PACE Programs Washington, DC –As required by a preliminary injunction issued by the Northern District Court of California, the Federal...