The Mortgage Bankers Association argues that higher income thresholds would allow more minority borrowers access to low-downpayment mortgages like HomeReady and Home Possible.
The tide may be turning for MBS-gobbling real estate investment trusts. If you’re an investor looking for a buy-low, sell-high trade, this may be it. That is, as long as rates don’t reverse course and head higher. Meanwhile, it’s almost a year since SoFi became an FDIC-insured bank.