Mortgage application defects keep rising

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

Fannie Mae: 3 reasons why this oil glut won't crash housing

It isn't the 1980s anymore

Items Tagged with 'Mark Zandi'


ADP June employment increase beats expectations

Employment hits 281,000
"The job market is steadily improving. Job gains are broad based across all industries and company sizes. Judging from the job market, the economic recovery remains fully intact and is gaining momentum,” Mark Zandi, chief economist of Moody’s Analytics, said.
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Zandi: Mortgage credit is anecdotally easing

Bringing back private capital will be a delicate balancing act
ABS East panelist: Pulling the government back prematurely will not reduce market share, it will reduce the market. "You'll end up with a market where you'll have to put 30% down."
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Housing finance reform remains a hurdle for Capitol Hill

Zandi: Since GSE takeover nothing meaningful has changed
The U.S. Senate Committee on Banking, Housing and Urban Affairs held an open hearing Thursday to push forward with housing finance reform. The only problem is while most lawmakers know it's needed, a comprehensive, linear and widely accepted solution has yet to gain major traction in Congress.
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Shadow inventory decline begins to accelerate

Linked to drop in 90 days+ past due loans
With its largest quarter-over-quarter drop since the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35% drop on an annualized basis.
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