john powell Featured Expert – Huffington Post, October 11, 2011

The American Dream of homeownership will be under siege if we take seriously recent government proposals to reform the housing finance market. Government regulators have already taken steps to increase down payments for loans made through Fannie Mae, Freddie Mac and the Federal Housing Authority, and are also considering mandatory (and arbitrary) down payment requirements. These moves and other recent government proposals could further racialize our housing and credit markets by effectively disqualifying many lower-income borrowers, including a large share of borrowers of color. Together, the impact of these requirements would erase many of the advances in homeownership achieved over the past 40 years.