According to a study done by Eyul Tekin, “after adjusting for inflation over time the future of the American Dream seems rather gloomy. Median home prices increased 121% nationwide since 1960, but median household income only increased 29%." This is rather disturbing.

CoreLogic^® released its 2020 CoreLogic Storm Surge report, revealing nearly 7.4 million single- and multifamily homes with more than $1.8 trillion in combined reconstruction cost value are at risk of storm surge and possible mandatory evacuation in the midst of a global pandemic.

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At MBALive, a remote event put on by the Mortgage Bankers Association, FHFA Director Mark Calabria underscored a point he has made numerous times over the last year.  “We need to reform our mortgage finance system for the fundamental reason that we didn’t reform it after the last crisis. The root causes of the crisis, impudent credit risk backed by insufficient capital, were never fixed.