Robert Couch is a former president of Ginnie Mae and an attorney at Bradley Arant Boult Cummings.
Homeownership is out of reach for too many Americans. The next president could change that with a few simple policies aimed at encouraging private capital to invest in residential mortgages.
<strong>Big Apple Appeal?</strong> Under Mayor Bill de Blasio, New York took steps this year to implement a local law opposed by the banking industry. After a federal judge invalidated the measure, a spokesman for the de Blasio administration said that the city is considering its options.
A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.
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