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Housing credit data in Q4 looks nothing like 2008

Housing Wire

housing credit looks very different than in 2005, 2006, 2007 or 2008. As shown below, we saw massive credit stress in the data from 2005 to 2008, all before the job loss recession happened. This is very unlike 2008, where we had four years of credit stress building up in the system. The truth is, U.S.

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Why purchase application data is below 2008 levels

Housing Wire

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. It’s a first-world problem; homeowners are in perfect financial shape and control of their lives, unlike what we saw from 2005-2008.

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This is not 2008 all over again for the housing market

Housing Wire

When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The post This is not 2008 all over again for the housing market appeared first on HousingWire. Exclusive access to the HW+ Slack community and virtual events.

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Snapshot: How GSE Programs Have Helped Homeowners Since 2008

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced that its 2022 Foreclosure Prevention and Refinance Report found that Fannie Mae and Freddie Mac (the GSEs) successfully diverted 96,945 homeowners from foreclosure during the second quarter, raising the number of homeowners it has helped since they entered into conservatorship in 2008 to 6.59

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Mortgage rates climb as US yields hit highest level since 2008

Housing Wire

bond yields hit their highest level since 2008. Mortgage rates continued to climb this week as U.S. Despite the turbulence, some analysts said a debt crisis is not imminent.

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Home prices will drop to 2008-levels in these four cities: Goldman Sachs

Housing Wire

The expected declines in these markets are not far from what occurred during the 2008 housing crash, when home prices in the U.S. This, in turn, will lead to risks of higher delinquencies for mortgages originated last year or late 2021, according to the company. fell by approximately 27%, according to the index.

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FHFA Paper Challenges Assumptions About 2008 Financial Crisis

Appraisal Buzz

The post FHFA Paper Challenges Assumptions About 2008 Financial Crisis appeared first on DSNews. The post FHFA Paper Challenges Assumptions About 2008 Financial Crisis appeared first on Appraisal Buzz.

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