“Will those help increase home ownership?” he said. “While we don’t know the exact road map for the GSEs, and while we haven’t quite gotten the feedback yet in terms of the various credit score models that are coming forth in the markets, I hope that these will be areas that will open up more sustainable home ownership. Hopefully, they will allow more affordable home ownership in communities across the country.”
Steve Marks (Ohana Mortgage Solutions) is successfully utilizing multigenerational mortgage loans in Hawaii, where cultural norms often include multi-family living arrangements, to help first-time homebuyers qualify for mortgages they otherwise couldn’t. https://t.co/jzdqjxSdKl
— Mortgage Professional America Magazine (@MPAMagazineUS) July 23, 2025
In addition to the generational wealth improvement for people who own their own home instead of being lifelong renters, Thompson says it also improves the overall health of these communities when they are full of homeowners.
“Studies have shown homeownership is a key to reducing crime,” Thompson said. “It is a key to helping children grow up in a more stable community to perform better in school. It is also a key to building stronger, healthy communities because there is a vested interest in that.”
NAMMBA’s mission
To build stronger, healthier communities full of homeowners, Thompson works to educate those in the industry through NAMMBA to help continue elevating underserved communities.
“Our goal right now is to help lenders, agents, and real estate partners understand that there are people out there who want to own a home,” he said. “They need the right guidance and understanding and the right road map, but by serving this ‘not served market,’ there’s a huge opportunity for lenders and real estate firms to do good while doing good. They can make money while making a difference in the communities where they live and serve.”