Comment Detail
Date: 06/12/24 First Name: Matt Last Name: Peterson Email: mnosretep@sbcglobal.net Organization Type: individual Organization: N/A Comment
Pandering to unqualified buyers with targeted loan programs does not help the buyers. It just enables them to go through the torture of losing a house to foreclosure, further damaging their credit and creating a liability for the agencies.
To expand housing opportunities the agencies should address the hole on the non-owner financing market that exists for 5 to 9 unit buildings. Offering fixed rate programs for these smaller "mom and pop" apartment owners will stabilize the housing market and lessen the need for rent increases when adjustable rates increase.
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