Pamela Patenaude

Pamela Patenaude

Pam Patenaude is the president of the J. Ronald Terwilliger Foundation for Housing America's Families. Patenaude is also the former director of housing policy at the Bipartisan Policy Center. Patenaude served as HUD assistant secretary for Community, Planning and Development during the George W. Bush Administration. She brings more than twenty-five years of experience in housing, community economic development, real estate, and public policy.

ARTICLES

3 Christmas wishes for housing joy

Santa, I'm a believer
With Christmas only days away, it’s time to fire off my “housing wish list” to the North Pole. I know from good sources that Santa and the elves are exceptionally fast workers, so it’s never too late, even when making requests on a subject as complex as our nation’s housing system.
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We need to face the looming rental crisis right now

Closing the affordable rental gap should be a top policy priority
The homeownership rate has dropped to the lowest point in 19 years, as families continue to reel from the collapse of the housing market. Looking ahead, tougher underwriting standards and new regulatory requirements are likely to put homeownership out of reach for many and make rental housing the only option.
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Here's a solid 3-point plan for put-back reform

It's time to loosen mortgage credit
It’s no secret that fear of put backs continues to have a dampening effect on the housing market. Despite recent efforts by the Federal Housing Finance Agency to put some boundaries around put-back risk, many mortgage originators remain skittish about lending to families with less-than-pristine credit.
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Where's the key to unlocking the door to homeownership?

Access to credit remains unacceptably tight
A key question is whether a rigid reliance on credit scores, at the expense of meaningful underwriting of the borrower, is worth the price of diminished access to mortgage credit. Does this reliance make sense when the most risky and objectionable products (such as “no doc” loans and “interest-only ARMs”) have been effectively banned from the marketplace?
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