Mortgage originations down among self-employed

This group of individuals was hit harder by the recession than any other group and still haven’t recovered as fully as salaried workers, which is considered a factor

Mortgage originations among self-employed households have fallen more than for salaried households. This decline has occurred even though self-employed persons earn more on average than salaried workers. Here we discuss several factors that influence this reality and what it means for potential homeowners and lenders.