Question: How is the housing loan market growing?
> Let me talk about just two indicators. One, the loan books of housing > finance providers are getting bigger, and two, the average age for new > homeowners is on the decline. Both factors underline the growth that > the home loan market is currently witnessing.
Answer: The decline in the average age of homeowners has A LOT to do with the newer loan programs that the industry is seeing. Not long ago, you still needed 20% down in order to purchase a home (unless you were VA or FHA eligible). The new 100% LTV and I/O programs and others like Ameridream have made it increasingly easy for newlyweds and people in their early 20s to afford a home. Wait until all those ARMs expire and people and those mortgage payments start adjusting. The foreclosure rates are going to soar!!!
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