The D.C. region needs a housing corporation to help make home prices affordable

(RECAP: Why not consider establishing a regionwide, quasi-governmental housing corporation serving the District as well as suburban Maryland and Northern Virginia? The regional corporation would complement but not duplicate the work of local housing authorities that focus mostly on helping low-income families. Housing the region’s neediest citizens would not be the corporation’s primary goal. Rather, its main mission would be expanding affordable housing opportunities for the region’s indispensable workforce, people with excellent jobs vital to the local economy but with household incomes insufficient for buying or renting new market-rate housing.)

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Riskier mortgages on the rise

(RECAP: Risky mortgages are making up a larger share of new home loans, raising worries that defaults could spike and stymie the housing recovery, according to a USA Today report. The trend in riskier loans seems to be concentrated in mortgages insured by the FHA, according to USA Today.)

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