Under Director Thompson, FHFA’s top policy priority is equitable housing.  However, a ground-breaking study from Fed staff shows that FHFA is swimming upstream when the Fed raises rates.  Combined with our own research showing that ultra-low rates also accelerate inequitable housing, the best FHFA can do to help lenders reach LMI borrowers is tread water – better than sinking, but still hard work getting pretty much nowhere….

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