Author Archive

4th Quarter Mortgage Originators Survey

The Survey of Mortgage Originators for the 4th quarter of 2014, takes stock of the QM rule, a year after its introduction, as well as a number of policy issues and changes.  Respondents were asked their view of new...

Private Capital Returns as FHA Contracts

With the recent changes to the FHA’s pricing, it’s worth reviewing the FHA’s impact on the market. There are a number of ways to measure the FHA’s market share. No matter which method is chosen, the FHA’s market share...

Mortgage Purchase Applications

Seasonally adjusted applications to purchase homes surged 23.6% for the week ending January 9th relative to a week earlier, a significant increase following the prior week’s 4.5% improvement.  The purchase applications index is 1.6% higher than the same time...

FHA Lowers Pricing to Reflect Less Risk

The FHA announced important changes to the pricing of its mortgage insurance today. This change will help to shore up the long-term solvency of its mortgage insurance fund, improve affordability and sustainability for most borrowers, and price in a...

Home Prices Rebound, but Still Down from Peak

Back in the 3rd quarter of 2005, the national median home price peaked at $227,633. Nine years later, the national median was $216,367 in the 3rd quarter of 2014, a decline of 4.9%. While the national median sale price...