iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, has introduced its FHA Purchase Forecast to advise lenders on where Federal Housing Administration (FHA) lending is likely to increase rapidly, forecast the size of the FHA lending opportunities and project future FHA growth.
Through iEmergent's FHA analytic tools, financial institutions can identify and quantify possible FHA lending opportunities in various markets throughout the U.S., the company explains. iEmergent's FHA Purchase Forecast is available for all geographic markets and contains the purchase mortgage conversion rates, sizes of total FHA purchase lending opportunities, FHA mortgage density and projections of future FHA mortgage growth speeds for each geographic market.
‘The available product types and funding conduits have severely narrowed, making it difficult for borrowers with very little down payment to purchase a home – especially first-time buyers with moderate, middle and even upper incomes,’ says Dennis Hedlund, founder and president of iEmergent. ‘But homeownership demand and household growth rates remain strong despite the collapse of no-down, low-doc products, and our FHA tools enable lenders to identify the markets where opportunities relating to the dramatic increase in demand for FHA loan products exist.’
Source: iEmergent