Housing News Podcast: Unison’s Thomas Sponholtz on alternative homeownership models and co-investing
The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins.
Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI.
This week, Thomas Sponholtz, the CEO and chairman at Union Home Ownership Investors, discusses his industry origin story, as well as his determination to bring housing innovation to the United States.
Additionally, Sponholtz touches base on new QM lending rules and the housing sector’s emergence of alternative homeownership models, which he says will be needed to better service homebuyers.
Here’s more detail on the topics of discussion this week:
Over the last several months, a number of the nation’s largest lenders and housing trade groups have called on the Consumer Financial Protection Bureau to make changes to the Ability to Repay/Qualified Mortgage rule. And now, it looks like they’re going to get their wish.
A Pittsburgh startup company is introducing a new way to look at homeownership, and it’s creating quite a stir. The newly launched company, Fleq, claims they can get American homebuyers into homes without requiring a mortgage. How? You’ll have to read this to find out how.
And here are links to the topics discussed:
1) CFPB planning to eliminate DTI requirement from QM lending rules
2) Here’s how to use Fleq to buy a home without a mortgage