This is what a Biden presidency could mean for the housing market
In today’s HousingWire Daily episode Digital Producer Alcynna Lloyd joins HousingWire Editor in Chief Sarah Wheeler to discuss David Stevens’ recent article that examines what the housing market could look like in a Biden administration. The pair also review the Federal Housing Finance Agency’s Final Capital Rule and explore what it means for the GSEs.
For some background on the interview, here’s a brief summary of Stevens’ recent article that addresses who Biden is likely to appoint for key positions:
We are now under 60 days remaining until we have President Biden and Vice President Harris leading a new administration in D.C. Beyond any political views of the election and the ensuing drama, industry is asking: What will a Biden regime mean to housing and mortgages? How should we think about regulation, the GSEs, HUD and more?
Here are a few thoughts to consider as to what the next four years may look like.
In a general sense, Democratic regimes tend to be more bullish for government support to housing, while Republican ones are more bullish for lowering the aggressiveness of regulators and oversight. While not a universal truth, we can all remember the eight years under President Obama and the impact of a new, aggressive, regulator tasked under congressional legal mandate to implement the required rules set forth in Dodd Frank.
Those were challenging years, and while the implementation was hard and every rule has imperfections, today we are past those statutory obligations as all the rules required are now in place. For that reason, I do not expect the aggressive regulatory posture overseeing mortgage lenders to be like it was under Obama.
The HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
HousingWire articles covered in this episode: