If you need assistance, please call 407-288-5182

UI Takes a Deep Dive Into May's Mortgage Market

Friday, July 10, 2020   /   by Erik Bjorklund

UI Takes a Deep Dive Into May's Mortgage Market

The Urban Institute (UI) releases a
regular report, Housing Finance at a
Glance
, a "chartbook" loaded with charts and commentary on mortgage
activity
. Much of the May chartbook's material, is retrospective, reaching back
as far as Q4 2019 where there is a time lag in data collection. Much of it, residential
construction data, home price indices, negative equity reports, etc., has been
covered by MND from original sources, but we have cherry-picked a few items
that may have otherwise escaped your and our notice. The total value of the housing market, as
outlined in the Federal Reserve's Flow of Fund Report has gradually increased
since 2012, driven primarily by growing home equity. The Q4 2019 numbers show
that while total home equity was steady this during that quarter at $19.7
trillion, mortgage debt outstanding grew slightly from $11.1 trillion in Q3 to
$11.2 trillion in Q4, bringing the total value of the housing market to $30.9
trillion. This is 20.7 percent higher than the pre-crisis peak in 2006. Agency
MBS account for 61.6 percent of the total mortgage debt outstanding,
private-label securities make up 3.9 percent, and unsecuritized first liens 30.0
percent. Home equity loans comprise the remaining 4.5 percent of the total.


 


 

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates
eXp Realty
Tony Fuentes
1999 W. Colonial Dr
Orlando, FL 32804
407-288-5182

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.10/22/2020 12:23 PM CST
This site powered by CINC: www.cincpro.com