June 13, 2016
Mortgage Market Overview
The Urban Institute’s Housing Finance Policy Center issued its May 2016 Housing Finance at a Glance Chartbook. This monthly report is invaluable for those of us who follow the mortgage market closely. The mortgage market changes so quickly and so … Continue reading
June 13, 2016 in mortgage | Permalink | No Comments
June 6, 2016
What Are Mortgage Borrowers Thinking?
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have released A Profile of 2013 Mortgage Borrowers: Statistics from the National Survey of Mortgage Originations. While sounding dull and perhaps a bit dated, this document is actually … Continue reading
June 6, 2016 in mortgage | Permalink | No Comments
June 2, 2016
Ensuring Sustainable Homeownership
My short article, Ensuring That Homeownership Is Sustainable, was just published in the Westlaw Journal, Bank & Lender Liability. It opens, The Federal Housing Administration has suffered as a result of many of the same unrealistic underwriting assumptions that led to problems … Continue reading
June 2, 2016 in mortgage | Permalink | No Comments
May 31, 2016
The Fed’s Effect on Mortgage Rates
DepositAccounts.com quoted me in Types of Institutions in the U.S. Banking System – Investment Banks and Central Banks. It reads, in part, Central Banks Think of the central bank as the Grand Poobah of a country’s monetary system. In the U.S. … Continue reading
May 31, 2016 in mortgage | Permalink | No Comments
April 27, 2016
The State of Mortgage Lending
The American Bankers Association has issued its 23rd Annual ABA Residential Real Estate Survey Report for 2016. There is a lot to unpack in its findings. The key ones are About 86 percent of loans originated by banks were QM [Qualified … Continue reading
April 27, 2016 in mortgage | Permalink | No Comments
April 25, 2016
TRID Trials
The Consumer Financial Protection Bureau issued the TILA-RESPA Integrated Disclosure (TRID) Rule which went into effect more than six months ago. The TRID Rule were designed to enhance consumer protections in the mortgage application process. The mortgage industry has been … Continue reading
April 25, 2016 in mortgage | Permalink | No Comments
April 21, 2016
Couples Leave Money on Closing Table
Geng Li, Weifeng Wu and Vincent Yao, three Fed economists, have posted a research note, Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule. The authors state that there “is mounting evidence … Continue reading
April 21, 2016 in mortgage | Permalink | No Comments
