ICE Mortgage Monitor: "First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans"

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: "First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans"

Brief excerpt:

Press Release: ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans, 39% of All 2023 GSE Securitizations in 2023

• Though originations hit a 30-year low in 2023, ICE eMBS data shows first-time homebuyers (FTHB) made up the highest share of agency purchase security issuance in at least 10 years

A large share of GSE purchase loans in 2023 were for first-time homebuyers (FTHBs).

• First time homebuyers made up 55% of agency purchase mortgages in 2023 according to ICE eMBS data, the highest such share in the 10 years ICE has been tracking the metric

• Likewise, first-time homebuyers (FTHBs) accounted for a record 47% of GSE purchase loans in 2023, a number that’s been trending gradually higher throughout the past decade

There is much more in the article.