This not known even by housing economists many of whom think purchase origination leverage is not high.
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Replying to @TheSamKhater @NickTimiraos and
R u aware of Ellie Mae's reports? p.8 - avg FICO hi & not falling http://www.elliemae.com/origination-insight-reports/Ellie_Mae_OIR_JULY2016.pdf …
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Replying to @issiromem @NickTimiraos and
Yep I have the same data, just a lot more coverage, shows same story. My point on leverage.
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Replying to @TheSamKhater @NickTimiraos and
But is hi LTV equally risky in diff hands? Today’s borrower pool more select than ’06
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Replying to @issiromem @NickTimiraos and
While underwriting sound, leverage for entry and mid-level borrower very high.
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Replying to @TheSamKhater @issiromem and
I agree it is high. I just don't think it's higher than the bubble.
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Replying to @NickTimiraos
Not even close, leverage higher for $100k to $300k buyer than 05.
@kimmaicutler@Shnaps@issiromempic.twitter.com/Dx1mLeDDpT
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Replying to @TheSamKhater @NickTimiraos and
This CLTV includes all piggy back seconds, in public record data it's easy to identify.
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Replying to @TheSamKhater @NickTimiraos and
this doesn't seem right at all. Source?
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Replying to @Shnaps @TheSamKhater and
do measures of leverage factor in high share of all cash? Low share of 90%+ cash out refi?
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where's the best source of data on current cash out refi levels by geo?
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Replying to @kimmaicutler @NickTimiraos and
Freddie has a national report for their loans only. If you want custom stuff let me know.
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