Jennifer Lovell, EXP Realty

6 Simple Graphs Proving This Is Nothing Like Last Time! You do NOT want to miss this Blog! 1. Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. ... Today, it’s tough to qualify. Recently, the Urban Institute released their latest Housing Credit Availability Index (HCAI) which measures the percentage of owner-occupied home purchase loans that are likely to defaultthat is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks, making it easier to get a loan. The index shows that lenders were comfortable taking on high levels of risk during the housing boom of 2004-2006. It also reveals that today, the HCAI is under 5 percent, which is the lowest it’s been since the introduction of the index. Learn the 5 other reasons this is NOT like last time!

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