June 15: Down payment trends; does home ownership lead to higher unemployment? Investor & conference updates
“Rob, are you seeing underwriting guidelines loosening up?” Certainly, on the banking side, depository banks are flush with deposits, and the demand for loans is down. So, in effect, with lots of cash chasing fewer deals, either rates drop (on a relative basis) or underwriting loosens up for portfolio product. (That does not mean, of…