CoreLogic released on Thursday its Q2 2017 Housing Credit Index report, which measures the increase or decrease in credit risk for new home originations based on six factors. See which areas showed improvement here.
Read More »Risk Standards Hits Early-2000s Levels
Mortgage lenders are taking increased credit risks similar to those of the early 2000s, according to a new report released on Tuesday. The level of credit risk taken by lenders in Q1 of 2017 was about the same as the average risk taken between 2001 and 2003. According to the report, the shift toward riskier lending standards is a result of declining refinances, rising mortgage rates, and increased investor, condo, and co-op share of purchase loans.
Read More »Fannie Mae Announces First CIRT Transactions of the Year
The two transactions will retain risk for the first 50 basis points of loss on an $18.1 billion loan pool and a $2.3 billion loan pool. The loan pools covered consist of 30-year fixed-rate loans with loan-to-value ratios greater than 60-percent and less than or equal to 80 percent, all acquired by Fannie Mae from January 2016 through July 2016.
Read More »Expect Delays
Though many experts have said housing finance reform is unlikely this year, the time is now to explore the fundamentals of how that reform could happen. Uniform and transparent measures of credit risks will play a key role—whether it’s in 2016, 2017, or beyond. Editor's note: This select print feature appears in the March 2016 edition of MReport magazine, available now.
Read More »OCC: Banks Healthy, but Credit Risk Levels…Not So Much
The housing market is six years into the current recovery, and while banks are generally in good health, worrisome signs of credit risk are still prevalent among these institutions.
Read More »U.S. Comptroller Warns Banks of Risks From Sub-par Underwriting Standards
Careless underwriting standards is causing an influx of credit risk in bank lending portfolios, which could be a huge mistake for these lenders over the long-term.
Read More »Risky Business: OCC says Banks Getting Looser with Lending
A survey of 95 national banks and federal savings associations revealed overall on average, those institutions have eased their underwriting standards for the third consecutive year, according to a report from the Office of the Comptroller of the Currency.
Read More »Banks Advised to be Cautious With Credit Risk to Avoid Another Financial Crisis
Banks need to take steps now to avoid emerging credit risk in today’s financial system in order to prevent another financial meltdown, according to Comptroller of the Currency Thomas Curry in a public address on Monday.
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