The amount of debt homeowners now face totals over $13 trillion, and grew for the 19th straight quarter. One concerning factor is the rising balances on mortgages.Read More »
Can Consumers Fulfill Their Debt Obligations?
While consumers expect the access to credit to tighten over the next few months, here’s what a New York Fed survey revealed about consumer expectations on home prices and debt payments.Read More »
How the Fed’s MBS Holdings Stimulate Housing
Experts from the Federal Reserve Bank of New York dived into the Fed’s MBS purchases to determine their impact on the economy and the housing market. Here’s what they found.Read More »
The Consumers vs. Home Prices
The latest Consumer Expectations survey released by the Federal Reserve of New York has found that household expectations about income earnings and spending growth remain robust. But what are consumers saying about home price changes?Read More »
Is the Housing Market Over-leveraged?
Noting a strong correlation between housing leverage and serious delinquency, researchers at the New York Fed answer the question of whether homeowners are currently over-leveraged and how likely they are to default if home prices begin to slide.Read More »
The Industry Pulse: Updates on the New York Fed, Freddie Mac, and More …
Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. The Federal Reserve Bank of New York announced that John C. Williams has been named President and CEO. His appointment by ...Read More »
John C. Williams Named President of New York Fed
The Federal Reserve Bank of New York announced that John C. Williams has been named President and CEO. His appointment by the eligible members of the New York Fed’s Board of Directors was approved by the Board of Governors of the ...Read More »
Can Online Lending Decrease Risk?
Technological innovation is changing the way the mortgage industry works, and the model followed by lenders who have embraced technology such as end-to-end online mortgage application and approval processes have made lending a less risky prospect, according to a report ...Read More »
New York Fed President Dudley Announces 2018 Retirement
William C. Dudley, a key figure in the aftermath of the 2008 financial crisis, will retire mid-term in 2018. His departure comes amidst a turbulent few months at the Fed.Read More »
Rising Consumer Expectations Could Bode Well for Housing
Encouraging news about consumer earnings could lead to more home sales in an already healthy growth market.Read More »