Housing Finance at a Glance: Monthly Chartbooks
The December 2019 edition of At a Glance, the Housing Finance Policy Center’s reference guide for mortgage and housing market data, includes updated figures describing the size and value of the US housing market, first lien origination volume and composition, the share of loans in and near negative equity, and a special quarterly feature on GSE loan composition, repurchase rates, defaults, and loss severity.
Thank you for your support
As we publish our last chartbook of 2019, and our 75th chartbook overall, we wanted to say thank you to our chartbook readers for your continued support of our work. By using and sharing our data, you’ve helped us ensure that evidence and facts make their way into discussions about housing finance.
We also want to recognize the support of our original and continuing funders including the Citi Foundation, the John D. and Catherine T. MacArthur Foundation, the Ford Foundation, the Open Society Foundations and our Housing Finance Innovation Forum, a group of organizations and individuals that support high-quality independent research that informs evidence-based policy development. Without their support, this work would not be possible.
For your easy reference, here’s a quick summary of the work of the Urban Institute’s Housing Finance Policy Center in 2019 and a look ahead to the work we plan to focus on in 2020. In 2019, we produced:
- 37 blog posts;
- 21 research papers;
- 12 monthly data chartbooks;
- 12 monthly Global Markets Analysis reports;
- An updated interactive US Home Mortgage Disclosure Act map;
- 6 data-focused public presentations and our 6th full-day symposium; and
- 4 updates to our Housing Credit Availability Index.
Our focus was on critical matters in the mortgage market, including:
- Millennial and senior homeownership;
- The challenges of and opportunities for minority homeownership;
- Housing affordability from a renter’s perspective;
- The performance characteristics of small mortgages;
- Enhancing loss mitigation tools at the Federal Housing Administration; and
- The role of fintech in the home purchase and finance market.
We provided valuable evidence on emerging issues, including:
- The black-white homeownership gap;
- The Trump administration’s plan for reforming the GSEs and Senator Crapo’s plan for reforming the housing finance system;
- Efforts to revise the Community Reinvestment Act and basic data about the CRA including the importance of small business and multifamily lending and lending to higher income borrowers in lower-income areas;
- The improving finances of the Federal Housing Administration;
- The urgency of addressing the expiring GSE patch; and
- The strength of the housing market, the potential for negative mortgage rates, the low national debt service and the absence, nationally, of a housing bubble.
We are looking ahead to 2020, when we will continue to analyze ongoing issues critical to the health of the housing market, and respond quickly to emerging trends. Among other things, expect to see work from us on these topics in 2020:
- Reducing the racial wealth gap through affordable housing and homeownership;
- In-depth data about and analysis of the housing supply shortage;
- Barriers to homeownership in particular communities; and
- The ongoing housing finance reform debate.
Please continue to use and share our work. Thank you for your support!
Laurie Goodman and Alanna McCargo, Co-Vice Presidents, Housing Finance Policy Center
July 2019 (watch the July 29 chartbook call with guest Richard Green)
April 2019 (watch the April 29 chartbook call with guest Dave Stevens)
January 2019 (watch the January 30 chartbook call with guest Dave Stevens)