Tag Archives: Freddie Mac

Forget FICO Scores? ‘Homeownership is an integral part of the American Dream’!

Hmmmm…Where and when have I heard the phrase “Home ownership is an integral part of the American Dream?” before? Was it in statements concerning the Community Redevelopment Act (CRA)* and that period in American history leading up to the great financial crisis of 2008? A time in residential real estate when basically anyone with a pulse could be […]

Whoa! New York Homebuyers Face An Average Down Payment Of $347,614!

Hallmark Abstract Service

Wait a second! Did I really mean to say that New York homebuyers face an average purchase price of $347,614? No, you read it correctly the first time! Incredibly, while the national average down payment for a new home is $31,723, in the New York/New Jersey marketplace the number soars to $347,614 representing 37% of the average […]

Mortgage default risk is on the rise!

title insurance New York,New York City,Long Island

The following flash release about mortgage default risk was published by AEI’s HousingRisk.org! Mortgage risk increased as the NMRI hit a new series high, due to an increase in FHA’s market share and loan level risk. AEI’s National Mortgage Risk Index for home purchase loans hit a new series high of 11.89 percent for April, up […]

How stable is your state’s housing market? (Interactive Chart)

Follow @Hallmark Abstract Service Note: This article also appears at Global Economic Intersection here! From Freddie Mac this is an interactive tool called the Multi-Indicator Market Index or MiMi! The purpose of MiMi is to allow the user to check-on the health and the stability of the US housing market not only nationally, but on […]