Sentences with phrase «force new homebuyers»
For the government to even begin to recover some of the value of the $ 700 billion in junk mortgages it has bought would force new homebuyers to pay even more of their income to the banks.
http://michael-hudson.com/ Not exact matches
Today, homebuyers have returned to the market in full force, but the lack of new construction over the last decade has contributed to an inventory shortage that's pushed home prices out of reach for many.
It's interesting that BMO is launching a contest to attract homebuyers to lock - in to a new or refinanced mortgage before the Nov. 1, 2016 OSFI deadline that will force some banks and mortgage lenders to start paying more to take on mortgage loans — costs these lenders are sure to pass on to the homeowner.
According to Genworth Canada, the largest private mortgage insurance provider, approximately one - third of first - time homebuyers would no longer qualify for their current homes if they were forced to re-qualify under these new mortgage rules.
«Despite this upward trend over the past five years, the massive loss of home equity during the housing crisis forced many homeowners to stay in their homes longer before selling, effectively disrupting the historical domino effect of move - up buyers that feeds both demand for new homes and supply of inventory for first - time homebuyers,» Blomquist says.