Thomas J. Fitzpatrick IV and James B. Thomson at the Cleveland Fed provide new research that supports residential mortgage cram downs… …residential mortgage cram downs are not new. The law was changed in 1978 and cram downs eliminated in 1993. In 2007 my former co-blogger and mortgage banker Tanta explained the history of mortgage cram downs and argued they would be helpful now.
Fed research supports mortgage cram downs
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While the Austin housing market isn’t sizzling, agents say it is still warm
Despite an uptick in inventory, Austin metro area home prices are holding steady and giving agents confidence in the strength of the market
