Mortgage Financing Archive

Mortgage Applications: Perception vs. Reality

Every four months the New York Federal Reserve Board (FRBNY)[1] conducts a survey of consumers to measure their perceptions and tastes about credit. The Survey of Consumer Expectations (SCE) covers a broad set of topics about mortgages including: Whether...

Half of Foreign Buyers Paid in Cash in April 2015—March 2016

Fifty percent of reported foreign buyers of U.S. residential property transactions were all-cash sales, according to NAR’s recently released 2016 Profile of International Activity in U.S. Residential Real Estate.   Non-resident foreign buyers tend to purchase in cash while...

Low Mortgage Rates and the Housing Market: Pros and Cons

While low mortgage rates boost consumer buying power, the reason for the low rates could hold home buyers back. Economic forecasters and analysts have frequently missed the mark recently when forecasting interest rates. In general, forecasters and experts have...

Lenders Cautious on FHA’s Overtures to Expand Access to Lower Credit Borrowers

Access to credit has expanded in many ways over the last two years including to borrowers with higher debt-to-income ratios, lower down payments, and even some limited non-QM offerings. But access for borrowers with lower credit scores has shown...

April 2016 Housing Affordability Index

At the national level, housing affordability is down from a year ago as higher prices continue to outpace household income growth. Modestly lower rates and income growth have helped reduce the burden of higher home prices, but are not...