Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Abstract
Mortgage credit availability is tracked closely by policymakers and industry participants alike, as it is a critical measure of the health of the market. Market analysts should be aware of the strengths and weaknesses of single- and multivariable measures and should also recognize that changes in credit pricing can have as much impact as changes in credit criteria. As analysts evaluate the market, they must ask what leads to differences in the quantity and quality of closed loans observed in transaction data: changes in supply, or changes in demand? The different measures of credit availability discussed here tell a relatively consistent story of the recent trend of improving credit availability, and such measures show that today’s mortgage market is largely devoid of the product and documentation risks prevalent during the boom.
TOPICS: MBS and residential mortgage loans, financial crises and financial market history
- © 2017 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600