Mortgage Archive

Maturing CRE Debt—the $87 Billion Perspective from REALTORS® Markets

The U.S. investment market totaled $6.2 trillion in 2015, with 57.3 percent of the figure comprising debt-based investment assets and the remainder accounted for by equity-based properties. On the debt side, chartered depository institutions (banks) accounted for the bulk...

Applications for Purchase Mortgages: TRID Effects?

Applications for purchase mortgages surged 11.9 percent for the week ending November 13th after a tepid 0.1 percent gain in the prior week, but the 4-week moving average remains strong. The volume of applications surged in the lead up...

State and Local Down Payment Assistance is Important

One of the Federal Housing Administration’s (FHA) important functions is to provide insurance on low down payment mortgages. The majority of FHA-financed mortgages have a down payment of 3.5%. A homebuyer can get assistance for the down payment from...

Rising Home Prices and Falling Mortgage Debt

Today’s homeowners are in the best financial shape in recent memory. Home prices have been rising while overall mortgage debt levels have been falling. As a result the net housing equity has nearly doubled in the past four years....

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...