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Mortgages Are Getting Riskier Again: Should We Be Worried?

Owning a home in today’s economy, especially in a handful of cities is a downright bit of luck that most of the 2 newest generations have run out of. has projected that mortgage loans are dipping into dangerous territory again and outlines why we should be aware of and potentially worried about the increasing risk. With newer borrowers being approved while carrying a more than ideal amount of debt and interest rates increasing, we could be looking at another potential housing collapse.

Key Takeaways:

  • Data shows that lenders are paying more attention to riskier applicants that may have been turned down before.
  • Entities like Fannie Mae and Freddy Mac offer loans to those with only the slightest difference in their likelihood to default.
  • Several government entities, like the Federal Housing Administration, U.S. Department of Veterans Affairs, offer loans that take on a bit more risk.

“Having a less-than-stellar credit score, a lot of debt, or not enough cash for a down payment has traditionally been a major hurdle for aspiring home buyers trying to get a mortgage.”

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