Items Tagged with 'Urban Institute'

ARTICLES

  • Here are 5 reasons the Millennial homeownership rate is low

    Urban Institute breaks down the data
    For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
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  • Genworth cuts its mortgage insurance rates

    Markets compete: FHA vs. PMI
    Genworth Mortgage Insurance announced Wednesday it is reducing its national monthly and single premium borrower-paid mortgage insurance rates. Here are the details on the new rates, and what it means for the mortgage insurance market.
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  • Lenders slowly easing credit standards, hits highest level since 2013

    Credit availability still historically low
    Lenders are slowly easing their credit standards as credit risk hit its highest level since 2013, according to the latest Housing Credit Availability Index from the Urban Institute. The increase in the fourth quarter was driven primarily by credit expansions within both government-sponsored enterprises and government channels thanks to higher interest rates and lower refinance volumes.
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  • Urban Institute calls out shortfalls in federal housing assistance

    Only 20% of those eligible for assistance receive it
    In a time when only one in five eligible renter households actually receive federal assistance, any reduction to federal funding for public housing or vouchers threatens the well-being of millions of low-income households, the Urban Institute claims in its new report. But the Urban Institute claims that despite the strong need, there are still “shortfalls” in federal housing assistance.
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  • Mark Calabria: Trump administration "committed" to ending conservatorship

    Pence’s chief economist renews commitment for GSE reform
    During a wide-ranging discussion about the government’s role in housing, Vice President Mike Pence’s chief economist Mark Calabria revealed Wednesday that the Trump administration is "committed" to ending the conservatorship of Fannie Mae and Freddie Mac. What else did Calabria say? Click through to find out.
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  • Economics panel: "No reason the current homeowner today will want to sell"

    Affordability could plummet in 2018
    During a panel at the CoreLogic and Urban Institute Housing Finance conference, CoreLogic’s chief economist forecasted home prices will rise as interest rates continue to increase over the next few years, making housing affordability a challenge for many prospective buyers. But one economist questions if homeowners will even want to sell in the first place.
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  • Fannie, Freddie reveal one place being neglected by new mortgage tech

    Servicing industry is ripe for disruption
    Here in the nation’s capital, experts from Fannie Mae and Freddie Mac explained the mortgage industry still lags other industries in terms of tech innovation. Speaking Wednesday at an event hosted by CoreLogic and the Urban Institute, Fannie and Freddie's folks forecasted which part of the mortgage industry is ripe for disruption.
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  • Urban Institute: Here's how HARP gave a much-needed revamp to the refinance market

    And the entire housing finance system
    The number of times the government extended its Home Affordable Refinance Program from its original end date in 2013 is almost comical. However, there’s good intention behind each extension. According to a new blog from the Urban Institute, not only has the government refinance program saved borrowers billions of dollars, but it has also created a better foundation for refinancing government loans going forward.
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