The Future of Mortgage Finance

Today’s panel discussion at the 2011 NCRC Conference was loaded with passionate views on the cause of the housing meltdown, how “homeownership” fits into the zeitgeist of today’s America, and concerns about creating another homeownership class if the qualified residential mortgage provision that was included in Dodd-Frank takes hold.

But a key moment came from Moody’s chief economist Mark Zandi, who, after calling risk retention an “inefficient” way to achieve better underwriting, warned that we should be concerned less with the loan-to-value ratio than debt-to-income ratio as mortgage finance finds its footing in this shaky market:

Matthew Brian Hersh served as senior editor at Shelterforce from March 2008 to October 2012. He studied English at Rutgers University and has spent his professional career in journalism, policy, and politics.


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