The Republican Party has been in the midst of a long and sometimes bitter debate over whether to embrace real estate, an industry that has made the United States a world leader in high-end real estate.
While many Republicans have called for a return to the gold standard, others, like Senator Ted Cruz (R-TX), have pushed for a more balanced approach.
The debate over the real-estate industry has been a constant throughout the 2016 presidential election cycle.
It is perhaps unsurprising, then, that the GOP would take on one of its biggest challenges yet: real-time bidding, which is one of the primary issues facing the realtors and real-property owners who are facing the high costs of a slow-moving housing market.
The Republican Party, however, is also facing a potentially bigger problem: a growing number of homeowners who have been priced out of the market by their mortgage lenders and banks.
Many of these people are paying a premium for their homes, which are often located in neighborhoods with few options, and many are struggling to make ends meet in an economy that has become more dependent on a small handful of lenders, including Fannie Mae and Freddie Mac, to provide affordable housing.
As a result, the average real-home buyer who is paying their mortgage on time is now paying $1,000 or more a month more than they did a year ago, according to data from Equifax.
This is not a new problem.
In 2013, a group of mortgage servicers and regulators called the Mortgage Professionals Association of America warned that homeowners who could not afford to pay their mortgage in full could find themselves facing foreclosure.
“It is time to take a new approach to housing,” the group said.
With the help of a new bill that passed in the House on Tuesday, the GOP is trying to help these homeowners by making it easier for lenders to approve mortgages and make it easier to track down mortgages that aren’t being fully sold, which in turn can help more people find affordable housing in the future.
The bill that was passed Tuesday in the Senate, the Reforming Mortgage Fairness Act, would require the Federal Reserve to provide a single benchmark interest rate for all mortgages, which would be determined by an independent agency that would have to be independent from the banks and mortgage companies.
The bill also would allow lenders to offer mortgages to homeowners at lower rates than they charge now.
According to the legislation, the Federal Housing Administration would be required to make sure that mortgage servicer rates were based on the lowest possible rate that would be fair for the borrowers, while the Consumer Financial Protection Bureau would have the power to set rates based on a variety of factors, including borrower risk, home value, and financial ability.
House Republicans have previously said that they would be willing to help homeowners who are experiencing high foreclosure rates, and this bill would go a long way toward that goal.
“I know that Republicans are willing to put their money where their mouth is on this,” said Representative Jeb Hensarling (R, TX), the top Democrat on the House Financial Services Committee.
“We know that they want to help the borrowers who are struggling.
I know that there are Republicans who are going to do what they can to help them.”
House Republicans are not alone in their efforts to tackle the issue of affordability.
Last week, President Donald Trump signed an executive order that will make it harder for banks to deny mortgages to people with incomes that are lower than they are paying their mortgages.
The new order also directs the Treasury Department to “promote the availability of affordable home loans for borrowers who qualify” and “improve the transparency of financial and tax data,” which has been one of Trump’s favorite talking points.
Trump’s executive order will also require banks to be more transparent about the quality of loans they are offering, which has led some to question whether the president will actually help homeowners.
Meanwhile, the Democratic-led House Financial Institutions and Consumer Protection Subcommittee is scheduled to hold a hearing on Wednesday to address the realty market, which could have a significant impact on the long-term viability of the mortgage market.
Despite the growing number to the point where the real home-price inflation is so large, the Republican Party is determined to try to solve the problem, even if it means taking on one part of the problem that is already causing some problems.