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: Housing Market
As summer turned to autumn, the Federal Reserve continued its practice of raising interest rates to stop and reverse the inflationary pressures on the U.S. economy that has become one of the foremost domestic issues of 2022....more
Frail Housing Market Before Hurricane Maria Prior to Hurricane Maria, Puerto Rico faced significant fiscal challenges, including high rates of debt, poverty, and unemployment coupled with a frail housing market. According to Puerto Rico’s Officer of the Commissioner of Financial Institutions, more than 5,700 homes were foreclosed in 2016, which is more than double the foreclosures from a...more