Surge in first-time homebuyers suggests LTVs could rise


The number of first-time single-family homebuyers has hit a peak not seen since 2005 and is expected to spur the origination of more mortgages with higher loan-to-value ratios.

“I think we’ll see continued growth and strength in the first-time homebuyer market and first-time homebuyers rely on low down payments,” said Tian Liu, chief economist at Genworth Mortgage Insurance.

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