The Ghost of Homeownership Past might, in retrospect, remind us of a seemingly idyllic time in our nation’s history, with high and rising homeownership rates, while the Ghost of Homeownership Present would likely describe one of the bleaker periods in our nation’s economy.
But I hope that the Ghost of Homeownership Yet to Come would be much cheerier than Dickens’ spectral visitor and would show us a future with a housing and mortgage finance system that functions efficiently and provides adequate safeguards for consumers, lenders, and investors going forward.