Tag Archives: American Enterprise Institute

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."

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.

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.

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.

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.

The American Enterprise Institute's (AEI) National Mortgage Risk Index for home purchase loans stood at 11.4 percent in October, little changed from the previous three-month average but nearly 1 percentage point above its year-ago level, the group said Monday.

Following an independent review of its finances, FHA reported to Congress Monday that its Mutual Mortgage Insurance (MMI) Fund is valued at $4.8 billion for the fiscal year 2014, a step up from last year's shortfall of $1.3 billion.

The American Enterprise Institute's (AEI) National Mortgage Risk Index, released Monday by the group's International Center on Housing Risk, rose to 11.43 percent in September, little changed from the revised average of the previous three months and nearly 1 percentage point higher than a year ago. In keeping with recent trends, the index measuring risk for FHA loans was the highest, sitting at 23.99 percent.

AEI's National Mortgage Risk Index measured 11.3 percent last month, little changed from July's index, the group said. As a stress test, the index measures the percentage of loans that would be at risk of turning sour in the event of an economic downturn. Though the index has come down in recent months, it remains nearly twice the acceptable level "conducive to a stable market," AEI said.

Loan risk in the mortgage market slid down again in July but remained far above safe levels, according to the latest measure from the American Enterprise Institute (AEI). The group reported that 11.41 percent of home purchase loans measured in its National Mortgage Risk Index (NMRI) would be at serious risk under "severely stressed" economic conditions.