Tag: mortgage
FHA Loans and Non-Banks a “Pocket of Worry” or Not?
January 27, 2017 by Zelman & Associates
Last week, the Wall Street Journal published an article titled “The Mortgage Market’s $1 Trillion Pocket of Worry”, which raised concerns about the expanding share of mortgages originated by non-bank lenders and originations backed by the Federal ...
“The” Mortgage Rate Only Covers 20% of Purchase Originations
January 13, 2017 by Zelman & Associates
The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...
Filed Under
mortgage rates
Many Entry-Level Buyers Lean on Mom and Dad for Downpayment
December 30, 2016 by Zelman & Associates
Earlier this year, we surveyed a nationally-representative sample of consumers (~3,000) about their demographic, housing and financial circumstances. One area of focus was the perception of mortgage credit availability among renters or those ...
Filed Under
affordabilityentry-levelmillennialsmortgage
GSE Reform Discussion Back on the Table but Many Hurdles Remain
December 16, 2016 by Zelman & Associates
We previously offered our initial perspective on what the Trump Presidency would mean for the housing market, including our view that GSE reform, while more likely under a Republication administration, would ...
Where is the Floor for Mortgage Refinance Demand in 2017?
December 16, 2016 by Zelman & Associates
At this point last year, 30-year fixed mortgage rates were expected to average approximately 4.10% in 2016 and we predicted refinance volumes to decline 30% for the year. Instead, volatile financial markets to begin the year, slowing macroeconomic ...
Will the Recent Increase in Interest Rates Short Circuit the Housing Recovery?
December 02, 2016 by Zelman & Associates
Of the various interest rate measures cited in the media, the United States 10-year Treasury yield is the most important to monitor for the housing market as it serves as the benchmark for how 30-year fixed rate mortgages are priced. Unfortunately, ...
Filed Under
macro housingmortgage rates
Finally, Excess Mortgage Distress is Gone
November 18, 2016 by Zelman & Associates
According to the Mortgage Bankers Association, from 1980 through 2005, the combination of single-family mortgage delinquencies and foreclosures in process ranged from 5.0-6.6% with the most problematic periods being 1982-86 (6.4%) and 2000-02 ...
Filed Under
homebuildinghousing startsmortgage
Consumer Misperception of Mortgage Credit Leaves Opportunity
September 23, 2016 by Zelman & Associates
For industry executives primarily dependent on the housing market for revenue, it is widely understood that consumers can secure a mortgage with less than 20% down – the benchmark that was more common in prior generations but has now shifted ...
The Fed Watch: What Does Next Raise Mean for Mortgage Rates?
September 09, 2016 by Zelman & Associates
The Federal Open Market Committee (FOMC) is scheduled to announce its next policy rate decision on September 21st, putting the trajectory of interest rates back into the media headlines. Last December, the FOMC raised the target for the federal ...
Filed Under
mortgage rates
Based on Credit Scores, How Tight Is Mortgage Underwriting Versus History?
August 12, 2016 by Zelman & Associates
In the mainstream media, it is common to find opinions that mortgage credit availability is “too tight” or “a headwind for first-time homebuyers” or “only available to pristine borrowers.” While we do not believe that to be true as terms on ...
Filed Under
entry-levelmortgage
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