Making the Mortgage Market Work for America’s Families

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The Kirwan Institute was one of many primary researchers and drafters of this Center for American Progress and National Council of La Raza Report.

America’s housing-finance system stands at a crossroads. We can restructure the mortgage-finance system to restore balance to the housing market and provide credit to a broad and diverse population, or we can live with a system in which credit and housing choices are more costly, more limited, and less sustainable, especially for minority and low- and moderate-income households. The choice we make will determine not only the sustainability of a robust housing market, but also future economic opportunities for millions of families.

This report explains that it is possible to design a housing-finance system that effectively meets America’s housing needs, as long as we are intentional and thoughtful about doing so. By supporting these core values of access and affordability, the housing-finance system can help provide access to credit, enable families to build wealth, build strong neighborhoods, and support both the local and national economy.