Author's Posts

Structural Changes Reshaping the US Mortgage Market

Posted by: Balaji Yellavalli | November 28, 2013

The US is the largest home loan market in the world with over 70 million mortgage holders and US$10 Trillion in loans outstanding. While the top 6 domestic banks corner a bulk of market share, the industry is rapidly getting ancillarized and specialized. Home ownership rates have not significantly fallen since the subprime crisis of 2007-2008 and are stabilizing at a healthy 65%.