The National Community Reinvestment Coalition, an advocacy group representing more than 750 community organizations, said FHFA “must improve the rigor of its proposed rule so it can accurately measure the GSEs’ activities in underserved markets and encourage an increase in those activities.”
About 50% of homeowners said that their mortgage could become unsustainable without a lower rate in the next three years, according to a recent Truework survey of buyers who purchased a home in the last 24 months.