Thomas J. Fitzpatrick IV and James B. Thomson at the Cleveland Fed provide new research that supports residential mortgage cram downs… …residential mortgage cram downs are not new. The law was changed in 1978 and cram downs eliminated in 1993. In 2007 my former co-blogger and mortgage banker Tanta explained the history of mortgage cram downs and argued they would be helpful now.
Fed research supports mortgage cram downs
Most Popular Articles
Latest Articles
HUD walks back some proposed changes to HECM for Purchase program
Certain changes announced for the H4P program last year will not be implemented after public comments raised concerns, HUD and FHA said.
-
Key housing markets are starting to buck national trends: Redfin
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
-
HomeServices settles commission lawsuits for $250M