During a press conference Wednesday, Fed Chair Kevin Warsh suggested that he will wait to see recommendations from the new task forces before making any major changes at the Fed.
The bill aims to boost housing supply and limit institutional ownership of single-family homes to some extent. There are also some provisions that will directly impact the mortgage market.
The mismatch between higher home prices with higher interest rates and household income is narrowing, according to Stuart Miller, executive chairman, CEO and president of Lennar.