First-Time Homebuyers Key to Opening Access to Credit

HousingWire, May 22, 2018–Kelsey Ramirez
Panelists at the MBA National Secondary Market Conference said the key to expanding access to credit is focusing on first-time homebuyers. Currently, the homeownership rate among younger families is not only below 2007 levels but also below the 2001 to 2006 levels, according to Tian Liu, Genworth Mortgage Insurance chief economist.