2:00PM Water Cooler 3/15/2023 | naked capitalism
Today's Water Cooler
Stay updated with breaking news from Ted Tozer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Buying a home is more out of reach than ever. But a new investing trend could spell trouble.
Non-depositories now dominate home lending, but many of these firms were untested until they had to grapple with the current rising rate environment. How they fare could significantly impact the rest of the mortgage market and, more specifically, the Government National Mortgage Association.
Assumable mortgages could help buyers and sellers overcome tough market conditions. But strict rules have limited product adoption.
Forbearance could be used regularly to address a broader range of hardships, but how expansive that range should be is subject to debate.