Renters are finding it more challenging to become homeowners as increasing rents eat into downpayment funds and rising interest rates push homes further out of reach.
The Structured Finance Association had asked the Securities and Exchange Commission to hold off on new environmental, social and governance naming and disclosure requirements for asset-backed securities while SFA works on its ESG best practices.
In addition to higher rejection rates, older mortgage applicants also face higher interest rate spreads, according to new research from a Fed economist.