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Tag Archives: American Enterprise Institute

First-Time Buyer Mortgage Share and Risk Rises in August

First-time buyers comprised 56.9 percent of primary owner-occupied home purchase mortgages with a government guarantee in August 2015, up from the 54.5 percent share last August, the American Enterprise Institute reported in their First-Time Buyer Mortgage Share Index.

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First-Time Buyer Mortgage Share and Risk Indices Jump Up in June

The first-time buyer share in April, May, and June was launched to new highs, supported by improvements in the labor market, riskier mortgage lending, and continuing low mortgage rates. The American Enterprise Institute International Center on Housing Risk recently released a report, finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee. In addition, AEI determined that the Agency First-Time Buyer Mortgage Risk Index stood at a series record of 15.83 percent

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FHA Insurance Price Cuts May Have Led Borrowers to Buy Higher-Priced Homes

According to new research by the American Enterprise Institute (AEI) International Center on Housing Risk (ICHR), the FHA’s price cut was largely capitalized into the purchase of higher priced homes. The research reviewed over 2.5 million first-time homebuyer loans. Edward Pinto, the research author and co-director of AEI’s International Center on Housing Risk said that the effort to reduce mortgage premiums did little to expand access to middle-and lower-wealth borrowers, while the National Association of Realtors (NAR) and other housing interest groups reaped the benefits of the higher home prices.

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First-Time Buyer Index Reveals Mortgage Loans Are Getting Riskier

The April 2015 First-Time Buyer Mortgage Risk Index (FBMRI) for Agency loans increased by nearly a full percentage point year-over-year up to 15.28 percent, indicating that those mortgage loans are moving deeper into the high-risk category, according to data released this week by the American Enterprise Institute (AEI)'s International Center on Housing Risk.

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Origination Risk Grows in January

The American Enterprise Institute's (AEI) International Center on Housing Risk reported another rise in mortgage origination risk in January, marking five straight months of increasingly risky lending. Researchers at the center say the rise in risk is due to a shift in market share from large banks to non-banks, whose practices are "substantially riskier than the large bank business."

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First-Time Homebuyer Share Inches Up in January

First-time buyers accounted for nearly half of homebuyers taking out mortgages in January, improving just slightly from December, according to a metric released by the American Enterprise Institute (AEI). Isolating only the pool of purchase mortgages guaranteed or insured by the GSEs or the government, AEI estimates the share of first-time buyers was slightly higher at 56 percent.

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Government ‘Price War’ Pushes Mortgage Risk Up

In its latest National Mortgage Risk Index (NMRI), the American Enterprise Institute's (AEI) International Center on Housing Risk estimated that 11.84 percent of agency purchase loans would be at risk of default should the economy see another crisis in the near future.

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First-Time Homebuyer Share Rises in December

Researchers at the American Enterprise Institute's (AEI) International Center on Housing Risk estimate that Americans buying their first home made up about 50 percent of December's purchase mortgage market, up slightly from November.

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New Index Refutes First-Time Homebuyer Numbers

According to a new index released Wednesday by the American Enterprise Institute's (AEI) International Center on Housing Risk, an estimated 46 percent of mortgages made from October 2013 through October 2014 were for first-time homebuyers. Looking only at government-guaranteed loans, that share is closer to 52 percent.

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