#d

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. ↗

— Mark Zandi

#born #bullet #caused #crisis #depression

Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general. ↗

— Mark Zandi

#been #break #costs #cover #demand

Look, whenever I hear or read I’m beautiful, I simply don’t understand it … I’m certainly not beautiful in any conventional way. I didn't make my career on beauty. ↗

— Audrey Hepburn

#beauty #beauty

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. ↗

— Mark Zandi

#against #become #during #economic #economy

It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the wrongs that got us into this economic mess than most of us believe. ↗

— Mark Zandi

#closer #collective #difficult #difficult times #easy

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use. ↗

— Mark Zandi

#distressed #economy #engage #fully #house

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed. ↗

— Mark Zandi

#bandage #began #crisis #dark #economy

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? ↗

— Mark Zandi

#before #borrower #borrowers #credit #debt

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. ↗

— Mark Zandi

#come #counting #expect #generally #home

Our economy isn't going to recover until the housing market finds its footing. ↗

— Mark Zandi

#finds #footing #going #housing #housing market