Comment

I worry about the housing market in the current coronavirus economy and specifically how organizations like the FHFA support propping up homeowners in hard times with more help than they really should receive. I support the FHFA's ability to make sure discrimination does not exist in the credit sector of our financial industry. But on March 23, the FHFA announced policies that would prevent landlords from evicting tenants for the duration the entire pandemic (if I recall correctly from March 2020-July 2021, I am aware of the CARES act). Additionally a mortgage deferral plan, moving mortgage payments to the future, ultimately contributing to the increasing consumer debt balance.  FHFA overstepped in my opinion and went outside your scope of responsibilities. I know too many people that went unemployed during the beginning and lived wonderfully on their increased unemployment, people should've been paying rents and mortgages.
I recommend paying close attention to the examinations in the coming years through the mortgage process and considering how banks are evaluating their risk levels with future clients buying homes at these ridiculous prices.