Although interest rates have been at historical lows, they are significantly up from 2012 lows. Not only has this caused many eligible refinancers to shy away from the market, but originators' profits are also suffering.
Read More »Low Credit Score May be Keeping Many Renters from Homeownership
An analysis of millions of credit reports comparing financial behavior patterns of those who currently rent and those who have a current mortgage revealed that tens of millions of renters might not qualify for a mortgage due to a low credit score—and that a large share of renters have other outstanding debt that is currently in collections.
Read More »How are Originators Handling the Qualified Mortgage Rule?
Several mortgage lenders and technology providers reveal to MReport just how they are faring with the QM rule and if it is affecting their business operations.
Read More »The Valuation Gap: A Growing Issue for Housing Market Recovery
While much of the mortgage industry has shown substantial recovery since the housing crisis, there are some markets still lagging behind. In these weak housing markets, there are many rehabbed properties that are being valued for less than they are worth simply due to the state of the real estate market.
Read More »Mortgage Credit Box Locked Tight for Borrowers
Before the housing crisis, borrowers could get a mortgage loan with little to no problems. Mortgage credit began to tighten when the crisis hit and has remained that way since.
Read More »Originator Profitability Declines in 2015
Although interest rates have been at historical lows, they are significantly up from 2012 lows. Not only has this caused many eligible refinancers to shy away from the market, but originators' profits are also suffering.
Read More »Mortgage Debt Still Weighing Heavy on Consumers
Many Americans are still struggling with mortgage debt, which is the third most-popular form of debt in the nation. Much of this debt stems from borrowing at the wrong time and for the wrong purpose, preventing consumers from achieving financial stability.
Read More »Mortgage Credit Availability Drops in Q2
The availability of mortgage credit to borrowers declined slightly in the second quarter of 2015, despite impactful federal efforts to expand the credit box.
Read More »Private-Label Securitization Market Disappearance Affects Credit Access
A diminishing private-label securitizations market among strong government-backed loans presents credit implications for the mortgage market. Director of the Housing Finance Policy Center at the Urban Institute Laurie Goodman highlights in a blog the importance of consumers knowing how the disappearance of the private-label securitizations market affects their access to credit.
Read More »Single-Family Rentals Should be Part of Affordable Housing Strategy, Report Says
SFR should be considered by policymakers as an integral part an affordable housing strategy because of volume, location, neighborhood impact, and affordability.
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