Last autumn we wrote that the increase in interest rates was unlikely to cause a major disruption in the housing market and that the greatest risk facing the housing finance system resides in the ability of GNMA seller/servicers to satisfy demands on their cash to fund new loans and address delinquencies and repurchase requirements....more
Tag: Economic Activity
Besides Hurricane Maria, only one other category 5 hurricane made landfall in Puerto Rico in over 150 years – the San Felipe Segundo that hit the island in 1928. In more recent history, Hurricane Georges, a category 3 storm, hit the island in 1998 causing significant destruction. In this Part 1 of our series on...more