Are the GSEs Actually Promoting Affordability through
Multi-Family Lending?
The partial U.S. government shutdown over year-end affected
nearly 800,000 federal employees and drew national attention
to workers struggling to make ends meet. Unfortunately,
financial stress extends beyond government shutdowns. A joint
study by the non-profit housing institute PolicyLink reported
that nearly one third of Americans are economically insecure,
with household income below 200% of the federal poverty
level. Furthermore, the Federal Reserve found that over 40% of
Americans cannot afford an emergency $400 expense. Perhaps
even more alarming, if not as extensive a survey, CareerBuilder
reported that nearly 80% of American workers live paycheck to
paycheck....
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