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: Mortgage Finance
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
Recent housing industry reports have noted large increases in the number of refinancings of Home Equity Conversion Mortgage (HECM) loans....more
The Federal Housing Administration (FHA) released its August 2020 Credit Risk Report. Here are some observations on FHA’s SDQ portfolio of loans as of August 2020...more
The Federal Housing Administration (FHA) released its July 2020 Credit Risk Report. Here are some observations on FHA’s SDQ portfolio of loans as of July 2020...more