Author Archive

Return Buyers: Many Already Here, Many More to Come

Executive Summary Default rates jumped in 2006 and between then and 2014 nearly 9.3 million borrowers were foreclosed on, received a deed in lieu of foreclosure, or short sold their home.  To date, nearly a million of these former...

Consumer Interest in Housing Gains Momentum

The Federal Reserve Board of New York released its update to the Survey of Consumer Expectations this morning.  Consumer optimism toward housing has improved significantly at the lower credit spectrum from last spring, and remains robust at the middle...

Lenders Pensive, But Warming to Government Overtures

It has become rarer for banks and lenders to hold the loans they originate.  One factor linked to tight credit is the process where loan investors force lenders to buy back mortgages they sold to the investor.  In this...

Return Buyers on the Rise

Millions of former homeowners experienced a foreclosure or shortsale over the last 9 years.  Eventually these borrowers will return to the housing market.  Participants in the 4th quarter Survey of Mortgage originators survey were asked if there was a...

Lenders Optimistic on Changes

In recent months, two changes were made to government financing that were intended to improve credit availability.  Mortgage lenders who took part in the 4th quarter Survey of Mortgage Originators agreed that both programs, the new 3% down payment...