Tian Liu is the Chief Economist at Genworth Mortgage Insurance, responsible for tracking U.S. and regional economic trends. He also authors the company’s Weekly Economic Report, and provides regular updates on U.S. and regional economies, as well as the housing and mortgage market.
The release of the Home Mortgage Disclosure Act data for 2015 at the end of September gave an important status update on the mortgage origination market. Most notably, it showed the market continued to benefit from an improved housing market in 2015. Here are five takeaways from the new HMDA data set, according to one expert economist.
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
The concept of seasonality is not well understood or appreciated today. Knowing how seasonality works can make all the difference for when homebuyers and sellers should consider entering the housing market. This is how you should be reading the housing numbers.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.