The yawning gaps in insurance coverage for properties that are most at risk are likely to deter prospective buyers, resulting in depressed real-estate values and reduced tax receipts. If unchecked, this has the potential to trigger a cascade through the local economy....more
Category: Blogs
Natural disaster losses in the U.S. currently cost $120 billion annually. The socio-economic impacts of this ballooning societal cost are highly regressive and call for an urgent response. Adequate investments in climate resilience not only push out the tipping point but also invigorate the economy, promote equity and contribute to the common good....more
History is repeating itself. Interest rates have risen significantly, and history has proven that in times like these, a targeted government intervention is necessary to preserve affordable housing....more
In late January 2023, the White House published a Blueprint for a Renters Bill of Rights. The blueprint was prepared by the Domestic Council and National Economic Council and contains five principles that are intended to support development of policies and practices that protect renters and promote rental affordability....more
Last autumn we wrote that the increase in interest rates was unlikely to cause a major disruption in the housing market and that the greatest risk facing the housing finance system resides in the ability of GNMA seller/servicers to satisfy demands on their cash to fund new loans and address delinquencies and repurchase requirements....more
As summer turned to autumn, the Federal Reserve continued its practice of raising interest rates to stop and reverse the inflationary pressures on the U.S. economy that has become one of the foremost domestic issues of 2022....more
Recent housing industry reports have noted large increases in the number of refinancings of Home Equity Conversion Mortgage (HECM) loans....more
On September 1, 2021 the White House released a visionary policy position paper that described in uncommon detail, its vision for housing programs in the Biden Administration. The strongest theme in the President’s message was the support and promotion of the involvement of non-profit organizations in many aspects of HUD’s programs. SP Group believes that...more
The U.S. Census Bureau recently published Community Resilience Estimates. SP Group analyzes and applies housing market assessment....more
The Federal Housing Administration (FHA) released its August 2020 Credit Risk Report. Here are some observations on FHA’s SDQ portfolio of loans as of August 2020...more