Government Loan Characteristics

GSE Loss Mitigation Activity

Combined GSE loss mitigation. Columns include home retention activity split into loan mod, repay, and forbearance subcategories; foreclosure alternatives split into short sale and DinL subcategories; foreclosure sales and serious delinquency rates. 2008-4Q11 data presented yearly and quarterly.

2008-4Q11 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse