The Myth that Mortgage Credit is Really Tight

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05/18/2015

The Myth that Mortgage Credit is Really Tight

“I've been surprised that housing hasn’t recovered more robustly than it has. In part, I think it reflects very tight credit … for any borrower that doesn’t have really pristine credit …”

- Fed Chair Janet Yellen, FOMC Press Conference, December 17, 2014

In my May UCLA Economic Letter, I explore the myth that only people with excellent credit can secure a home mortgage today. Read more...

Posted by Stephen Oliner on 05/18/2015 at 05:11 PM in Current Affairs, Economics, Housing Market, Housing Policy, UCLA Economic Letter, UCLA Ziman Center for Real Estate | Permalink

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UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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