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Consumer Delinquency Rate Remains Below Prior Economic Growth Periods

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Residential Building/Employment Rebound

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Policy Matters: History of Bank Lending to Deposits, Sub-Prime Lending and Dodd Frank

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HMI Hits Cycle High

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Deregulation of Dodd-Frank Is Causing Mortgage Credit Expansion

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Mortgage Lending Continues to Evolve

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Recession Caterwauling Increases

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Housing and GDP

Dodd/Frank has caused the distortions we see in the housing market. 

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Mortgage Credit, Housing and GDP

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Recession???

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High Household Debt Contributes to Recession……Debt Not High Today

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The Economic Uptrend Continues