WASHINGTON (1/7/15)--President Barack Obama is expected to speak on housing issues Thursday, and may highlight expansion of mortgage availability, as well as discuss housing finance reform and more, according to a report by Bloomberg.
A report from the Arizona Republic says the president could be preparing to announce a new plan intended to allow more consumers to purchase homes. This plan could include aiding more first-time home buyers in securing mortgage loans, as well as easing lending guidelines.
Mortgage Professional America cites mortgage industry experts that believe Obama is likely to avoid the wind-down of Fannie Mae and Freddie Mac.
"We believe the absence of the topic in his Phoenix speech may be seen as a sign that the administration is giving up on its goal of unwinding the (government sponsored enterprises)," the publication quotes analysts from New York-based investment bank Keefe, Bruyette and Woods as saying.