by Patrick Simmons Director, Strategic Planning, Economic & Strategic Research
As the housing recovery plods along, many are looking to young adults as a source of new demand that could invigorate the residential rebound. Interest in the housing behaviors of young adults is intensified by the sheer size of the Millennial generation, which by some estimates is the largest in U.S. history.
This new edition of Housing Insights from Fannie Mae's Economic & Strategic Research Group extends existing research by examining the rates at which young households occupy single-family homes across the rental, owner-occupied, and recent homebuyer markets ...Read more »
by Steve Deggendorf Director, Business Strategy, Economic & Strategic Research
Late last year, Fannie Mae and Freddie Mac announced an expansion of the availability of certain loans with a maximum loan-to-value (LTV) ratio of 97%. In addition, the Federal Housing Administration (FHA) beginning on January 26, 2015 reduced annual mortgage insurance premiums (MIPs) by 0.5% on new loans.
These initiatives endeavor to expand access to mortgage credit and make monthly mortgages more affordable to qualified and creditworthy borrowers. Fannie Mae's Economic & Strategic Research Group surveyed senior mortgage executives in February through its quarterly Mortgage Lender Sentiment Survey™ (MLSS) to examine lenders' views ...Read more »