2002 Buyers Development Lending 
Housing Wire
AUGUST 21, 2020
The second part of this story that folks seem to forget is that the existing home sales market only needs 4 million mortgage buyers a year to remain stable. Note too, that the housing market for the last many years has been composed of 15-20% cash buyers – that is a big chunk of buyers that don’t need a mortgage in order to purchase.
Housing Wire
AUGUST 11, 2020
The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. So, early in my career, I sought for ways to help would-be buyers, most being minorities, bridge the gap and achieve homeownership earlier. It’s a serious challenge.
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Housing Wire
MARCH 23, 2022
It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Census Bureau and the Department of Housing and Urban Development. percent (±11.9
Housing Wire
SEPTEMBER 22, 2020
million until the years 2020-2024 because we would need to start the year with over 737,000 new home sales in order for developers to see the need for that amount of building. Because housing is becoming an outperforming asset, we may see an increase in cash buyers in 2021 as a percent of sales. Rates, of course, still matter.
Housing Wire
DECEMBER 5, 2022
In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association. Buying now means being able to negotiate as a buyer. The housing market won’t be like this forever.
Appraisal Today
MAY 12, 2023
In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Most buyers were tech people from the Bay Area. Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! Very tough market now with many layoffs.
Will Springer Realtor
OCTOBER 11, 2022
While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. (
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