Author Archive

For the FHA, Pricing Springs Eternal

Following several years of premium increases, the FHA implemented a 50 basis point reduction in its annual mortgage insurance fee in 2015.  The sharp reduction was expected to boost affordability for entry-level and disadvantaged home buyers and to stimulate...

MBA Mortgage Applications (July 15th, 2015)

Relative to last week, applications for home purchase mortgages fell 7.5% on a seasonally adjusted basis, more than offsetting the 6.6% gain in the prior week.  Relative to a year ago, the seasonally adjusted purchase figure is up 17.0%....

Return Buyers Prefer Safe, Affordable Financing

The share of homes purchased by return buyers or “boomerang” buyers, those who formerly short sold a home or were foreclosed on, increased significantly in recent years.  NAR Research estimates that 8% or nearly 350,000 home sales were to...

Foot Traffic Points to Summer Strength

Foot traffic is a strong indicator of the demand for housing and is a leading indicator of home sales.  Every month, NAR publishes data on foot traffic as measured by the number of times SentriLock lock boxes are opened. ...

Will Setting Clear Rules Help Expand Credit?

When lenders originate a loan, they often sell these loans to investors rather than holding the loans in their portfolios.  These investors set requirements for the loans they will buy and if those requirements are not met, they may...