Category Archives: Mortgages

How high do rates need to be to slow home sales?

From HousingWire: FHFA: Rising interest rates not slowing down home prices…yet Home prices increased during the fourth quarter and, despite rising interest rates, showed no sign of a slowdown, according to the Federal Housing Finance Agency’s House Price Index. Home … Continue reading

Posted in Economics, Mortgages, National Real Estate | 92 Comments

Rates scaring off buyers?

From the WSJ: U.S. New Home Sales Drop Sharply in December New home sales posted a steep decline in December, an indication that affordability challenges are beginning to cut into demand. Purchases of newly built, single-family houses, which account for … Continue reading

Posted in Mortgages, National Real Estate, New Development | 148 Comments

So much for that FHA cut

From MarketWatch: Trump already suspends Obama-era FHA mortgage insurance cut The Federal Housing Administration will roll back a cut in mortgage insurance premiums announced just days earlier under outgoing Housing and Urban Development head Julian Castro, the government said Friday. … Continue reading

Posted in Mortgages, National Real Estate, Politics | 142 Comments

“Take a vacation on the house.”

From CNBC: Rising home values aren’t enough to shake consumers’ memories of the financial crisis Consumers still see value in buying and owning homes. Yet with memories of the recession still fresh in their minds, the recent lift in real … Continue reading

Posted in Housing Bubble, Mortgages, National Real Estate, Risky Lending | 85 Comments

Blue Horseshoe loves Ben Carson

From HousingWire: Housing industry rallies around Ben Carson for HUD secretary Do you remember that controversy about former presidential candidate and retired neurosurgeon Ben Carson being nominated as the next secretary for the U.S. Department of Housing and Urban Development? … Continue reading

Posted in Mortgages, National Real Estate, Politics | 22 Comments

As rates rise, FHA cuts premiums

From MarketWatch: After mortgage-rate spike, FHA to cut insurance premium The Federal Housing Administration will reduce the annual premium borrowers pay, in order to expand credit access to more Americans, the government announced Monday. Borrowers who close on an FHA … Continue reading

Posted in Mortgages, National Real Estate, Risky Lending | 73 Comments

Yeah, this again.

From the WSJ: House Flipping Makes a Comeback as Home Prices Rise House flipping, a potent symbol of the real-estate market’s excess in the run-up to the financial crisis, is once again becoming hot, fueled by a combination of skyrocketing … Continue reading

Posted in Housing Bubble, Mortgages, Risky Lending | 79 Comments

Time to lube the mortgage market

From Business Insider: It hasn’t been this hard to buy a house in America since the financial crisis Housing affordability in the US is at an eight-year low, according to Attom Data Solutions. The parent company of RealtyTrac released its … Continue reading

Posted in Mortgages, National Real Estate, Risky Lending | 101 Comments

Corelogic: Rates won’t stop appreciation

From HousingWire: CoreLogic predicts housing market growth in 2017 Economic growth will be the theme of the housing market in 2017, according to the forecast from Frank Nothaft, CoreLogic senior vice president and chief economist. … 1. Increase in mortgage … Continue reading

Posted in Economics, Mortgages, National Real Estate | 60 Comments

HAMP v2

From Bloomberg: Fannie and Freddie Outline New Respite for Troubled Borrowers Distressed mortgage borrowers will get a new lifeline from Fannie Mae and Freddie Mac after a critical foreclosure-prevention program expires this month. The mortgage-finance giants on Wednesday outlined a … Continue reading

Posted in Foreclosures, Mortgages, National Real Estate | 90 Comments

Has the refi window finally closed?

From HousingWire: Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again Recent reports from various analysts, including this one from Kroll Bond Rating Agency, suggest that 2017 will see smaller mortgage origination volume than 2016, thanks … Continue reading

Posted in Mortgages, National Real Estate | 108 Comments

Fewer and fewer underwater owners

From National Mortgage News: Homeowner’s Equity Rises 11% from 2015 Levels: CoreLogic The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to data from CoreLogic. On … Continue reading

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 33 Comments

10 years later, conforming loan limits finally increase

A couple of days old, but it’s big news and I missed it. From HousingWire: FHFA increases conforming loan limits for first time since 2006 For the first time since the housing crisis, the Federal Housing Finance Agency is increasing … Continue reading

Posted in Mortgages, National Real Estate | 53 Comments

Time to increase loan limits? (Haven’t we heard this somewhere before?)

From the WSJ: Home Builders Say Federal Loan Limits Shut Out Many Buyers At the New Haven housing development in Ontario, Calif., Brookfield Residential is building 189 townhomes priced below $378,000. So far, the moderately priced homes have sold at … Continue reading

Posted in Mortgages, National Real Estate, New Development, Risky Lending | 190 Comments

Conforming loan limit holding back prices?

From HousingWire: Is it now time to finally raise conforming loan limits? The chances the Federal Housing Finance Agency will raise the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2017 is … Continue reading

Posted in Mortgages, National Real Estate, Risky Lending | 111 Comments