Shift to Purchase Market Brings New Mortgage Risks

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

Shift to Purchase Market Brings New Mortgage Risks

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

Shift to Purchase Market Brings New Mortgage Risks

LOS ANGELES–With the slow, but definite shift from a refinance market to a purchase market, competition for borrowers is at unprecedented highs. And with that, says economist Lynn Fisher, comes a new set of risk for mortgage servicers.

‘Equity’ a Hot Word

Forget housing starts; forget existing home sales (see story above); forget new home sales. The hot word in housing right now is “equity”–and it’s something a growing number of Americans have as an option.

On Flood Insurance, Puzzling Data

A new Urban Institute paper says too many homeowners lack flood insurance; but those who do have flood insurance often buy it voluntarily-not because it was required by their mortgage lender.