Author Archive

Drivers of Tight Mortgage Credit

In recent years, pundits have spoken of tight lending and the need to expand access to credit to the broadest group of credit worthy borrowers. A number of issues have been cited as reasons for tight credit including law...

Lenders Rounding Home on TRID

A year after TRID, lenders show signs of growing optimism. The TRID or the Know Before You Owe rules were implemented in October of 2015 and indented to streamline and safeguard consumers in the closing process. Delays and closing...

FHA’s Reduces Fee to Pre-Crisis Level

In a move that signals greater normalization of the housing market, the FHA announced a reduction in its annual insurance premium of 25 basis points. This move would reduce the fee it charges from its 0.85 percent to 0.6...

Closing Delays Rise Unexpectedly

NAR Research began tracking closing delays following the implementation of the TRID or Know Before You Owe rules. These rules changed the settlement process adding new closing documents, tolerances for fees, and timelines. The time-to-close a loan, the period...

Student Loan Debt and Inventory

Student debt has grown significantly in recent years and with it concern over the impacts on first-time homebuyers. However, limited to no attention has been paid to the connection between student debt and constrained supply. A significant share of...