Ben Eisen

speaker

1,467 appearances 35 recordings 1 series first heard Jul 2017 last heard Nov 2024

Ben Eisen’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · It's Getting Harder to Secure a Small Mortgage · 10 May 2019 podcast

So the home itself is very affordable, but then you can't get the mortgage, and that makes homeownership very difficult or impossible for some people. matched

Exactly. matched

Yeah, this is sort of like the very low end of the price range. matched

When you look at homes under $70,000, they really dropped off a lot in value after the financial crisis, along with the rest of the housing market. matched

But they kind of bottomed later, and they recovered slower. matched

So you've seen that a lot of homes in this range that were sort of under $70,000 in 2009 are still under $70,000. matched

Right. matched

That's what when you talk to buyers, they're often told by their lenders that they can't get loans for less than that size. matched

When you talk to lenders, they often say that that's sort of the cutoff where it becomes unprofitable to make a mortgage. matched

That said, it's not all lenders. matched

There are lenders who do make loans this size. matched

And when you think about who does it, it's often sort of the smaller community or local banks that might have sort of a better sense of local real estate dynamics. matched

Right. matched

Definitely. matched

Or also kind of adjust the costs associated with originating the mortgage. matched

You know, I talked to one housing advocate in Youngstown, Ohio, who said, when people come to me, I tell them, you know, not to go to a big bank and direct them to, she directs them to a local or regional bank that is really able to do that kind of loan. matched

Sure. matched

It's not like everyone who doesn't get a mortgage ends up in a contract for deed, but it is sort of one of the more popular forms of alternative financing that we've seen out there. matched

And this is sort of a seller financing vehicle where the buyer will go to the seller to buy a house and the seller will say, I will finance the sale over a number of years, three, four or five years. matched

Showing 1041–1060 of 1,467 · page 53 of 74