The presence of risky products, not increased lending to riskier borrowers, was a bigger contributor to the 2008 housing crisis.
The Fed began buying mortgage-backed securities in 2009 to support a then-fragile housing market, and is now the single largest holder.
Credit scores are critical in determining whether a lender will consider a borrower’s loan application, but current scoring methods leave many behind.
Credit is tight largely because lenders are imposing even more stringent standards than those required by the entities that guarantee or insure these loans.
Contrary to recent criticism, state down payment assistance programs are helpful for borrowers and present minimal risk to FHA’s finances.
Each year, roughly one in four American families will face an “income shock,” like losing a job or experiencing a sudden health or work limitation.
After three decades of decline, mortgage interest rates have started to rise. What does this mean for the housing and mortgage markets?
Senior homeowners could access more than $3 trillion in home equity, but few are interested in tapping this resource to meet retirement financial needs.