Connect with us

Business

A Look Beneath the Bank Mortgages After The Crisis

Published

on

A Look Beneath the Bank Mortgages After The Crisis

The U.S. housing market is in good stature while America’s giant banks are taking advantage of the mortgages.

The healthy housing market showed some good signs,  as seen last Tuesday from S&P/Case- Shiller Home Price Index with a rise of 5.3% in February this year. Previously, existing home sales went up to 5.1% in March as reported by the National Association of Realtors, right after the decline in February which caused anxiety and panic to the observers.

As a result, the banks not only made more mortgage loans, but they also selected which to keep more of them on their records as opposed to selling them to government-backed detractors like Fannie Mae and Freddie Mac. Both of these guarantors are described as “jumbo mortgages”, which often surpass size limits.

From the records of the Federal Reserve, the share of outstanding mortgage debt by the U.S. banks went up to 31.7% in the month of October 2015 which also happened to be the latest figure at hand. That figure is up from 30.9% compared to the previous and the highest proportion since the depths of the financial crisis in April of 2009.

 

Read more here…

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…

INVESTORS TRADERS OWNERS

Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!