Mortgage Archive

Mortgage Performance of Veteran Loans

Mortgages backed by the Veterans Affairs have generally performed better than other mortgage products, even though VA loans require no down payment. In the most recent quarter, the percentage of mortgages going into foreclosure for VA loans was 0.3...

Inflation and Mortgage Rates

There is no consumer price inflation to speak of – as of yet.  Even the expectation of future inflation rates remains low.  This is the key reason as to why mortgage rates remain at historically low rates and why...

Final QRM: Good for Consumers and Private Capital

After nearly three years of deliberation, regulators have finalized an important rule that impacts housing.  The Qualified Residential Mortgage (QRM) rule avoids an onerous and costly down payment requirement for consumers and gives creators of mortgage backed securities one...

Affordability in Monthly Mortgage Payments

Home prices have rebounded nicely with the latest median home price on a single-family home at $220,600 in the U.S., up from around $160,000 just few years ago. Such a robust price gain from the trough would imply less...

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...