Housing Policy: Symposium on Housing Finance

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CoreLogic Hosts 4th Annual Data, Demand and Demographics

On November 2, 2016, CoreLogic and the Urban Institute’s Housing Finance Policy Center hosted the fourth annual Data, Demand and Demographics: A Symposium on Housing Finance. The daylong event featured a number of notable keynote speakers and in-depth panel discussions. These included presentations on urban development, inclusionary housing, mortgage investment, and technological advancement throughout the industry. The symposium keynote was led by Ed Glaeser, the Fred and Eleanor Glimp Professor of Economics at Harvard University, who addressed the rise of sub-city data and neighborhood measurement tools, the growing academic consensus on real estate bubbles, and the underappreciated power of supply in the housing market.

Below are key takeaways from each of the panels.

Panel One: Integrated Services and Inclusionary Housing for Changing Demographics

(Jim Carr, Roosevelt Institute; Rolf Pendall, Urban Institute; Nela Richardson, Redfin; Susanne Slater, Habitat for Humanity)

  • Economically integrated neighborhoods are becoming scarce as land-use regulations and zoning laws continue to push high-end housing and affordable housing areas apart, leading to fewer areas that contain a balanced mix of housing.
  • In high-cost states, government policy needs to boost housing supply by reducing regulatory burdens, investing in infrastructure, and offering incentives for the private sector to build affordable housing, and boost homeownership by facilitating credit access for younger households.
  • We need to reform the housing finance system to address the multifaceted housing and community investment needs of America’s distressed communities into the twenty-first century.

Panel Two: The Post-Crisis Evolution of Mortgage Markets

(Satish Mansukhani, Bank of America Merrill Lynch; Bob Ryan, Federal Housing Finance Agency; Deb Still, Pulte Mortgage & sitting chair of the Mortgage Bankers Association; Ted Tozer, Ginnie Mae)

  • Since the financial crisis, Ginnie Mae’s MBS issuance market share continues to grow, surpassing Freddie Mac, and approaching the same level as Fannie Mae.
  • Non-bank originators now account for 85 percent of Ginnie Mae issuances compared to 70 percent of conventional issuance.
  • Federal regulation has had some positive effects: formal governance, senior management visibility and engagement, and promoting a “duty-of-care” for customers; but it has also had some negative impacts, leading to longer cycle times, redundancy at all three levels of government, lower overall productivity, and higher origination costs.

Panel Three: Technological Advancement – Balancing Practicality with Safety and Soundness

(Bill Emerson, Quicken Loans; Brian Faux, Morty; Jordan Petkovski, CoreLogic; Larry Platt, Mayer Brown LLP)

  • The technology exists to close a loan in a much shorter period of time than the current industry standard, but appraisers aren’t to blame for the delays; instead, it’s all the other factors that the appraisal industry faces, regulatory challenges first and foremost, that cause delays in the home appraisal process.
  • The benefits of integrated data services and analytics includes: reduced time on administrative tasks, elimination of keystroke errors, consistent data formatting, and overall increased transparency and assignment credibility.

For more information about the event please find the links to materials and presentations, below.

Materials Online:

© 2016 CoreLogic, Inc. All rights reserved



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