… Mark Zandi, Cristian deRitis, Ryan Sweet, Steve Cochrane, Katrina Ell and XiaoChun Xu …

This was not supposed to happen. After the Great Depression, the federal government
established the FHA, Federal Home Loan Banks, and Fannie Mae to prevent such wild swings in …

The effect of payment shocks on subprime hybrid ARM mortgage prepayment and delinquency
is examined. Using loan level data from private label securities, we modeled the effects …

differences; the Southeast and Mountain regions are growing quickly while coastal California
and many areas in the Northeast and upper Midwest are growing more slowly (see Chart 5)…

The concept of risk retention represents a laudable effort to fix the securitization process,
which allows consumer and business loans to be traded in secondary markets like stocks and …

The mortgage insurance industry plays an important role in the housing finance system,
providing insurance against default by borrowers with low down payment loans. The industry …

With the US housing market recovering from its historic crash, proposals for reform of the
nation’s housing finance system are moving ahead, albeit slowly. As the debate unfolds, it …

… deRitis’ recent … deRitis also gives frequent presentations and interviews on the state of
the US housing, mortgage and credit markets. In his previous work at Fannie Mae, Dr. deRitis …

No one is comfortable with the current federal role in housing. Acting on behalf of taxpayers,
the Federal Housing Authority has taken on much more credit risk than was ever envisaged …

Under reasonable assumptions about future mortgage rates and how the program will be
implemented, the restrung HARP is expected to refinance 1.6 million additional homes, …