by Jim Crowder | Aug 7, 2015 | HOUSING MARKET
The Mortgage Credit Availability Index (MCAI) tracks whether lending standards are tightening or loosening, and is benchmarked against 100 for March, 2012. For July, it hit 125.5, up 2.9% from May, and continuing an almost uniformly upward trend since that original...
by Jim Crowder | Aug 6, 2015 | HOUSING MARKET
Over the past few months, this blog has reported a few times on the Consumer Financial Protection Bureau’s (CFPB) eClosing project. Yesterday, they released their first report on the project, and have concluded that electronic mortgage closings can benefit...
by Jim Crowder | Aug 5, 2015 | HOUSING MARKET
New statistics were out a few days ago, and have since been all over the news: U.S. homeownership is at a 48 year low. As of Q2 this year, it’s the lowest it’s been since 1967, and is approaching historic lows. The Knowledge@Wharton radio show recently...
by Jim Crowder | Aug 4, 2015 | HOUSING MARKET
This blog just reported yesterday on the high non-mortgage debt that most Americans are carrying these days, seemingly led by auto-related debt. But while that may be true, it doesn’t seem to be keeping all of you from making your payments, which is great news...
by Jim Crowder | Aug 3, 2015 | HOUSING MARKET
Non-mortgage debt is at the highest level in nearly a decade, and 81% of the increase over the last four years has come from auto-related debt. Now, don’t misunderstand, there’s nothing wrong with a new car. But, as you make purchases, keep in mind that...
