Items Tagged with 'Urban Institute'

ARTICLES

Here's "clear evidence" the credit box is way too tight

Why five years of squeaky clean loans isn’t a good thing
Borrowers who took out mortgages in the past five years are better at paying their mortgages than any other group of mortgage borrowers in history. But this squeaky-clean performance isn’t a good thing, according to the Urban Institute. In a new blog post, the think tank posits that the interesting data shows the severity of how tight the credit box is.
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Experts agree mortgage servicer compensation needs to change

But how? Analysts "pessimistic" regarding the effort
The industry knows there is a gigantic problem surrounding servicer compensation. But as Laurie Goodman, codirector of the Housing Finance Policy Center with the Urban Institute, so eloquently put it at a housing policy event on Wednesday, "It is much easier to say the current system does not work than it is actually come up with something better." Could 2017 be the year this all finally changes?
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Urban Institute: Selling NPLs to investors is working

Four ways to improve sales
Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted on the Urban Institute's Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.
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BofA's low-down payment promising but what about the FHA?

Urban Institute: It's not a substitute
Ever since Bank of America announced its new 3% down payment mortgage program, the Affordable Loan Solution, it’s being looked at as an effort for borrowers to skirt around the Federal Housing Administration. Urban Institute research associate Karan Kaul says that though such efforts are an alternative to FHA lending, they are not a substitute.
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4 ways the Qualified Mortgage rule doesn’t reduce mortgage lending

Urban Institute: Rule appears small to nonexistent
When the Qualified Mortgage rule came out in January 2014, many worried that the rule would contribute to a reduction in mortgage credit availability. But that's not the case. In an updated analysis, Urban Institute housing and mortgage experts say that the rule does little to impact the availability of mortgage credit.
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Here’s the latest update on Detroit’s housing recovery

The slow road toward recovery
Fixing Detroit’s housing market is a slow, intensive process that still has people divided on whether or not it even is recovering. So how is the city doing now? The Urban Institute published a new piece giving an update on the continued but uneven recovery in the city's housing market.
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