In our Special Topics series, we look closely at data collected through our National Housing Survey®, Mortgage Lender Sentiment Survey®, and customized research to explore specific trends, challenges, and opportunities facing consumers and mortgage lenders in today’s housing market.
Integration: Key to Future Mortgage Technology Success
March 13, 2017
A new generation of companies has emerged over the past few years to transform mortgage origination and servicing by digitizing transactions and removing manual steps. Their goal is to more closely align the consumer and lender experience with current online leaders, such as Amazon and Uber. We surveyed senior mortgage executives through our unique quarterly Mortgage Lender Sentiment Survey® to understand lenders’ views of and experiences with next-gen technology service providers in the housing and mortgage space. We found that lenders do see new technology as the key to improving the customer experience but many face significant barriers in adopting and integrating these tools.
Recent homebuyers are flocking to mobile mortgage resources and may encourage new mortgage market entrants
December 5, 2016
Consumers’ mobile experiences with leaders such as Amazon are reshaping their expectations in all aspects of their lives, including their financial and mortgage activities. To better understand the impact of mobile technology on the consumer mortgage experience, we surveyed 1,200 low- and moderate-income homebuyers about their recent mortgage shopping and origination activities.
Student Debt: Whose Homeownership Rate Does It Hurt Most?
July 28, 2016
Having a college degree can increase one's income potential, but it often comes with the burden of student loan debt. Our ESR Group analyzed National Housing Survey data to examine the net effect of student loans and obtaining at least a bachelor's degree on homeownership likelihood.
Lenders Look to Technology for Efficiency and to Improve the Consumer Experience, But Do Not Fully Embrace Uber-Like Industry Disruptions
July 26, 2016
Many companies today are leveraging digital platforms to meet increasing consumer demand for simple, transparent, and consumable transactions. By comparison, the mortgage industry has lagged when it comes to technology innovation. Our Economic & Strategic Research Group surveyed senior mortgage executives through the Mortgage Lender Sentiment Survey to examine lenders’ experiences with mortgage technologies and their views about innovation in the industry.
TRID: Larger Lenders Have the Advantages for Now
May 11, 2016
In February, Fannie Mae's Economic & Strategic Research Group (ESR) surveyed senior mortgage executives to examine lenders' experiences with implementing TRID requirements and their views about the impact of TRID on their operation, the competitiveness of the mortgage industry, and consumer behaviors.
Fannie Mae Survey Shows Profit Margin Compression a Top Issue for Mortgage Executives
March 3, 2016
Over the past eight quarters, Fannie Mae's Economic & Strategic Research Group surveyed senior mortgage executives to examine the factors that are driving lenders’ profit margin expectations and the strategies they plan to employ to address their profit margin outlook.
How Lenders Plan to Grow their Mortgage Business in 2016
February 24, 2016
Last year turned out to be a positive one for the mortgage market, but lenders face a tougher operating environment in 2016. Fannie Mae's Economic & Strategic Research Group surveyed senior mortgage executives in November 2015 to examine their origination and servicing outlooks and identify their concerns heading into 2016.
Survey Reveals Significant Gaps in Consumer Knowledge of the Requirements to Qualify for a Mortgage
December 10, 2015
Despite easing credit standards, improving labor markets, and consumers’ continued strong aspiration to own, the homeownership rate remains at a low level. We surveyed consumers to measure their knowledge of the requirements to qualify for a mortgage, and to identify opportunities to expand access to mortgage credit responsibly by addressing such misperceptions.
Are Mortgage Lenders Missing Out on Mobile Opportunities?
October 30, 2015
Mobile devices are increasingly used for a variety of transactions, including mobile payments and banking. However, the lower priority that mortgage lenders are placing on mobile channels, and the differences in lender and consumer views on mobile tool functionality, could place lenders at risk of not meeting consumer demand. In 2015, we researched the use of mobile tools for mortgage shopping by consumers through our National Housing Survey™ (NHS) study and by lenders through our Mortgage Lender Sentiment Survey™ (MLSS).
Survey Shows Lenders’ Limited Credit Overlay Practices
July 28, 2015
Credit overlays, referring to stricter mortgage approval standards that lenders place above the guidelines set by investors (such as the GSEs), are a potential and often cited factor impacting consumers’ access to mortgage credit. Fannie Mae's Economic & Strategic Research Group surveyed senior mortgage executives in May 2015 to examine the attitudes of lenders in relation to credit overlays.
Lenders Expect Benefits from the GSE 97% LTV Products and the FHA Mortgage Insurance Premium Reduction
April 23, 2015
In 2014, 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. Fannie Mae’s Economic & Strategic Research Group surveyed senior mortgage executives in February to examine lenders views about the expected impact of these two initiatives.
What is the Mortgage Shopping Experience of Today's Homebuyer? Lessons from recent Fannie Mae acquisitions
April 13, 2015
Using data from Fannie Mae's National Housing Survey, this study examines borrowers' shopping behavior and experiences when trying to obtain a mortgage. While getting a mortgage is a complex process for prospective homebuyers, research and consumer guidance suggest that obtaining multiple mortgage quotes and being better informed may help borrowers get a mortgage with a better set of financial terms.
Why are Young Adults Living with Their Parents and When Will They Move Out?
July 29, 2014
Data from Fannie Mae's National Housing Survey examine the reasons why young adult children are living with their parents. The increase in adult children living with their parents has raised important questions regarding household formation and its impact on owning, renting, and the demand for new housing construction.
What Younger Renters Want and the Financial Constraints They See
May 6, 2014
Based on research from Fannie Mae's National Housing Survey, this study investigates what housing choices younger renters prefer and the financial constraints they see when deciding whether to own or rent.
Why Haven't Nearly Half of Mortgage Borrowers Refinanced?
February 6, 2014
Data from Fannie Mae's National Housing Survey provide insights into mortgage borrowers’ past refinancing behavior and future refinancing intent.