Posted To: Pipeline Press

With Simone Biles injury at the Olympics, let’s shift our attention to lending & housing. Have you ever asked someone, especially a politician, for the definition of “affordable housing”? Maybe the better riddle is, “How is affordable housing like pornography? You’ll know it when you see it.” (See Supreme Court Justice Potter Stewart’s quote from 1964.) I’m sure lending on “affordable housing” (housing units that are affordable by those whose income is below the median household income) will be a topic at most of the upcoming in-person conferences in August, September, and October. Yes, it’s “full speed ahead” in attendance at events like the California MBA’s Western Secondary and its attendee list which…(read more)

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Source: Mortgage News Daily