Economist Commentaries Archive

Mixed Signals as the Market Wades into Non-QM

Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly.  In the 3rd Survey of Mortgage Originators, which covers lending in the 2nd quarter of 2014, participants were asked about their willingness to...

3rd Survey of Mortgage Originators: QM, FHA, FHFA and FICO [September 2014]

Executive Summary Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly.  This survey serves as both a measure of change in the 2nd quarter and a bellwether for originators’ impressions of market...

Forecast for the Economy

Incoming fresh economic data point to continued GDP expansion at a near 3 percent growth rate and about 2.5 million net new jobs over the next 12 months. Inflation remains tame – so far. But upward pressure will build...

The Latest Retail Sales

Retail sales continue to make good, steady gains.  The economy is clearly entering into a virtuous cycle of more jobs leading to more consumer spending.  More retail sales in turn are leading to more job hiring by companies that...

Consumer Confidence: Highest in Nearly Seven Years

Consumers are feeling much better and more confident in recent months:  the consumer confidence index in August rose to the highest mark in nearly seven years.  Such a trend could lead to improvement in home sales and boost demand...