Items Tagged with 'Urban Institute'

ARTICLES

  • First-time homebuyers dominate mortgage market

    Continue to outnumber repeat buyers
    First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market. This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data from the Urban Institute shows that gap actually continues to grow.
    Read More
  • Lenders aren’t very interested in small-dollar mortgages

    Deny smaller mortgage at higher rates
    Applicants looking to get a small-dollar mortgage struggle to get approved, but it has nothing to do with their credit worthiness. The denial rate for mortgages up to $70,000 was 18% in 2017. This is about double the denial rate for loans of more than $150,000 that same year.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More