Are tight lending standards the go-to fall guy in this economic cycle? It would seem so.
Wall Street Journal’s Nick Timiraos sparked a recent Twitter discussion on this topic when he shared an article Mark Zandi, Moody Analytics Chief Economist, wrote. Mr. Zandi believes lending standards will hamstring a struggling housing market, and should be loosened. A number of Nick’s followers jumped in to agree.
Some housing sales data now shows prices with a slight year over year increase including the NAR’s existing home sales and the Commerce Department’s new…
May 6, 2011
Note from dshort: The Philly Fed ADS Business Conditions Index was updated today to include relevant data available through April 30. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is one of …
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s…