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Tag Archives: Credit

Taking the Plunge

Editor's note: This story was originally featured in the February issue of MReport, out now. The mortgage industry has always touted the long-term financial benefits of homeownership for ...

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Millennials: Financial Independence a Priority

Though previously labeled as entitled, millennials have high expectations when it comes to being independent. A study revealed that millennials think people should be financially self sufficient at a younger age than older generations do. This hints to a promising future in the housing market.

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Household Debt at Record Levels

Household debt has surpassed recession levels, according to the New York Federal Reserve. Mortgage debt proved to be the highest increasing debt factor, going up went up by $147 billion quarterly and $258 billion annually. Total mortgage debt as of Q1 2017 was $8.63 trillion.

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The FHA Can Increase Credit Access

According to Urban Institute, the FHA has more power to increase credit access. The GSEs do risk-based pricing through their loan-level pricing adjustments. However, the FHA does not do risk-based pricing, and so it has insured borrowers and so it has insured borrowers with less-than-pristine credit. Charging the same fee for those with good credit as those with bad credit has limited credit availability.

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