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Home | Author Archives: Tory Barringer

Author Archives: Tory Barringer

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Mortgage Risk Rises, Causing Concerns Over Expansion of Credit Access

rising-arrows

December's index, which saw about 215,000 new loans added to the pool of risk-rated mortgages, was up 0.4 percentage points from the average for the prior three months and 1.1 percentage points from a year earlier, AEI said. As ever, the largest portion of risk came from the Federal Housing Administration (FHA), which had a risk index of 24.33 percent, up 0.2 percentage points from the prior three-month average. Following that were the Veterans Affairs index, which was at 11.5 percent, and the Fannie/Freddie index, which was 6.2 percent, just above the 6 percent threshold AEI says is "indicative of conditions conducive to a stable market."

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Existing-Home Sales Expected to Inch Upward in January

home-for-sale-sign

In its latest look at resale data, NAR reported that the stock of available existing homes for sale was around 1.85 million in December, putting the national supply at 4.4 months at the current sales rate. Also challenging the housing market right now are stringent credit conditions, stagnant wages, and "lingering wariness about homeownership benefits," said Auction.com's chief economist, Peter Muoio.

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