June 15, 2018 by Zelman & Associates
In 2005, we estimate that there were 6.6 million purchase mortgages originated, proving to be an all-time peak. At that time, even with the excessive level of subprime and low-quality loans that are often associated with non-banks, 66% of originations ...
May 18, 2018 by Zelman & Associates
Last week, the Federal Financial Institutions Examination Council (FFIEC) and the Consumer Financial Protection Bureau (CFPB) released preliminary Home Mortgage Disclosure Act (HMDA) data for 2017 mortgage originations. Released earlier than ...
April 20, 2018 by Zelman & Associates
Earlier this year, we dissected the impact of tax cuts on net income for different income cohorts, noting that the average individual tax filer would experience an approximate 1.5% increase in after-tax cash flow in ...
Filed Under
affordabilityentry-levelmortgage
March 09, 2018 by Zelman & Associates
At the end of 2016, the 10-year Treasury yield stood at 2.45%, the highest year-end level since 3.04% in 2013. At that time, the expectation was that yields would continue a steady upward climb due to inflationary pressures from the incoming ...
Filed Under
mortgage rates
December 29, 2017 by Zelman & Associates
According to the Federal Reserve Bank of New York’s (FRBNY) quarterly report on household debt and credit, residential mortgages accounted for 71% of outstanding liabilities in 3Q17, far surpassing student loans (10%), auto loans (9%) and credit ...
Filed Under
macro housingmortgage
December 01, 2017 by Zelman & Associates
Last week, Freddie Mac released its quarterly refinance statistics for 3Q17. The analysis uses a sample of properties where Freddie Mac has funded two successive conventional, first-mortgage loans, and the latest loan is for a refinancing. ...
Filed Under
home improvementmortgagerefinance
October 20, 2017 by Zelman & Associates
Based on our national mortgage finance research, we estimate that 2.57 million unit purchase mortgages were originated in 2011, which stood 61% lower than the cycle peak of 6.60 million in 2005 and represented the lowest production since at ...
Filed Under
entry-levelmortgage
October 20, 2017 by Zelman & Associates
While banks dominate mortgage credit headlines given that the majority are publicly traded, host investor conference calls and are recognizable brand names, non-depository mortgage companies ...
January 27, 2017 by Zelman & Associates
Last week, the Wall Street Journal published an article titled “The Mortgage Market’s $1 Trillion Pocket of Worry”, which raised concerns about the expanding share of mortgages originated by non-bank lenders and originations backed by the Federal ...
January 13, 2017 by Zelman & Associates
The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...
Filed Under
mortgage rates
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