by Patrick Simmons Director, Strategic Planning, Economic & Strategic Research Group
Subdued first-time home buying has slowed the housing recovery. Both demand- and supply-side factors have suppressed purchases by would-be first-time buyers. But as the labor market has continued to heal and as young-adult incomes have begun to recover, much attention has focused on supply-side constraints.
Tight mortgage credit is often cited as an obstacle, but in recent months attention has shifted to a low inventory of for-sale starter homes as an impediment to the return of the first-time buyer ...Read more »
by Joe Grimes Vice President, Customer Account Risk Management
The potential for business growth is on mortgage lenders' minds. How to do that is also top of mind.
According to Fannie Mae's Mortgage Lender Sentiment Survey®, "88 percent of the lenders surveyed reported that they are looking to grow their mortgage origination business, and 76 percent of the lenders surveyed reported plans to grow their mortgage servicing business." ...Read more »