loan: FHA: From Then to Now
- 07/13/07 09:50 AM
Change in the Market In 2006, mortgage volume was $2.8 trillion- 70% originated by Mortgage Brokers $640 billion in nonprime mortgages was originated. Roughly 23% of the 2006 market n$545b originated by the top twenty-five sub-prime origination companies. Home prices increased exponentially from 2001 to 2006, and now home prices are falling in most parts of the country. Guidelines have tightened on Alt-A, sub-prime, and conforming Refinance transactions have slowed, 36.2% market share Because they couldn't afford to buy back their EPDs, (early payment defaults) many lenders have either been sold, declared bankruptcy and/or shut their doors. see (http://ml-implode.com/) for details. Subprime in … (2 comments)
Change in the Market;)
;)
