A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries.

The trade groups noted that the spread sits at over 300 basis points (bps) compared to the historic norm of about 150 bps.

“Action is critical to address homeownership affordability and lending challenges and reduce impediments for servicers to loss mitigation efforts details ⇒

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