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Mark Zandi.. It's the economy Stupid! A counter to his tight lending thesis


               
2014 Jan 27, 4:30am   1,994 views  17 comments

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http://loganmohtashami.com/2014/01/27/mark-zandi-its-the-economy-stupid/

Are tight lending standards the go-to fall guy in this economic cycle? It would seem so.   Wall Street Journals 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 Nicks followers jumped in to agree.   A lively discussion followed. David Stevens, CEO of the Mortgage Bankers Association and Christopher Whalen of Carrington do not agree with my stance on this topic, a stance which from which I will...

#housing

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1   _   @   2014 Jan 27, 5:22am  

People wonder why new home sales slumped when interest rates rose.
The sad part about today's number is that New Home Sales is only 1/12th of the entire market, tilted toward the most wealthy buyers in America.

Even with that back drop, there were issues on the capacity to own with interest rates never breaking 4.75%

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