The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

There is a banking adage that if it's growing like a weed, it's a good chance that it's a weed.