Former Fannie Mae CEO Talks Challenges Ahead in Housing

first_img Former Fannie Mae CEO Talks Challenges Ahead in Housing  Print This Post The Best Markets For Residential Property Investors 2 days ago Subscribe Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home Prices Recession Sales 2019-10-25 Seth Welborn Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Savecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago October 25, 2019 1,417 Views Tagged with: Home Prices Recession Sales About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago According to Federal Housing Finance Director Mark Calabria, affordable housing is a “national problem,” a sentiment echoed by Tim Mayopoulos, Blend President, and former Fannie Mae CEO on CNBC. In this Video Spotlight, Mayopoulos discussed the factors impacting affordability, especially for first-time buyers.Low inventory is one of the biggest factors behind affordability issues, especially among the lower end of the market, as the U.S. is currently around 2.5 million units short according to Freddie Mac. Additionally, prices are expected to rise faster at the entry-level than any other segment Mayopoulos notes. “Here’s a labor shortage, land acquisition costs which are extremely high, and regulatory and zoning challenges,” said Mayopoulos.What about the risk of recession? Mayopoulos addressed the worries about another recession, and if we are currently “planting the seeds” for a new downturn.“I think people have learned the lessons from the last crisis, and I don’t think you can solve this problem by lowering credit standards,” he said. “Credit standards are really at an appropriate place, but what we need to do is think about housing stock being part of the national infrastructure. We need to figure out how to create more supply.” The Best Markets For Residential Property Investors 2 days ago Previous: A Commitment to Mortgage Data Privacy Next: Is Housing the Economy’s Saving Grace? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Former Fannie Mae CEO Talks Challenges Ahead in Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, Newslast_img read more