The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal… — Mark Zandi Copy Share Image
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages… — Mark Zandi Copy Share Image
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure… — Mark Zandi Copy Share Image
In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the… — Mark Zandi Copy Share Image
There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage… — Mark Zandi Copy Share Image
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their… — Mark Zandi Copy Share Image
The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more… — Mark Zandi Copy Share Image
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great… — Mark Zandi Copy Share Image
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also… — Mark Zandi Copy Share Image
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage… — Mark Zandi Copy Share Image
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. — Mark Zandi Copy Share
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes… — Mark Zandi Copy Share
It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the… — Mark Zandi Copy Share
No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your… — Mark Zandi Copy Share
We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and… — Mark Zandi Copy Share
There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. — Mark Zandi Copy Share
Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife. — Mark Zandi Copy Share
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax… — Mark Zandi Copy Share
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the… — Mark Zandi Copy Share
There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and… — Mark Zandi Copy Share
The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and… — Mark Zandi Copy Share
An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy. — Mark Zandi Copy Share
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that… — Mark Zandi Copy Share
Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall. — Mark Zandi Copy Share
