This will work itself out. Performance on mortgages in Alt-A securities combined with their already higher yields will draw investors back but make no mistake, the process of determining what is in a security will be different for a time and investors are going to expect more, not less or even the same information about the credit criterion of the loans in this type security. (more…)
The Office of Federal Housing Enterprise Oversight (OFHEO) released the 2007 conforming loan limits this afternoon and announced what many industry experts expected, no change. The OFHEO had previously issued a statement on November 15th saying they would not lower conforming loan limits for 2007 from the $417,000 limit set in 2006. (more…)
The Research Institute for Housing America in conjunction with the Mortgage Banker’s Association and Radian mortgage insurance completed a study of housing trends among baby boomers. The focus of the study was in two key areas.
1) What are the trends of second home ownership among baby boomers
2) Are suburban empty-nesters flocking to urban areas
This article focuses on the findings related to the first question, what are the trends of second home ownership among this age group. The findings may not be what you think… (more…)
