In the October 2014, MBA Annual Convention issue of Mortgage Banking magazine, RiskSpan Managing Director Allen Jones shares perspective on why it is so difficult for credit-worthy borrowers to obtain mortgage financing. The article digs into the data that confirms tight mortgage credit has reached a perilous state for the first-time homebuyer. Even as the Obama Administration implores mortgage bankers to ease credit overlays, industry executives seek greater clarity in program guidelines before broadening lending policy, especially as it relates to GSE buyback and FHA indemnification risk. An alignment of interests is needed to restore confidence.

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