Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Refinancing: The road to recovery

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Americans are missing the biggest opportunity to create long-term economic stimulus. Consider this: creating a program that could guarantee universal access to low-cost home mortgage refinancing at the current rate of 4.5 percent. Many now trying to refinance at this historically low rate face major roadblocks — either they don’t have not enough equity in their home or they confront stringent income verifiability standards. But neither should matter if they have a mortgage — a lending institution already took the financial risk by issuing the original loan.
For borrowers current on their mortgages, it’s clear that they could afford a lower mortgage payment rate. For those on the brink of foreclosure, a reduced monthly payment offers a fighting chance to stay in their home.

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