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Default Rates Appear to be Rising in Some Mortgage Pools.(Brief article)
Arlington, VA -- Default rates rose on prime and subprime mortgage pools tracked by Friedman Billings Ramsey in January, even as the number of defaults fell among alternative-A credit quality pools.
"We attribute the year-over-year gains in default rates to the natural aging of the stocks of prime, alt-A and subprime loans, layoffs by automobile manufacturers and related companies, weak labor market conditions in Massachusetts, and the impact of Hurricanes Katrina and Rita," FBR said in a report.
Those hurricanes affected the performance of loans in 12 metropolitan areas in Louisiana, Mississippi and Texas.
In January of this year, the default rate on ...
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...FBR. On the positive side, FBR predicts that the default rate...not go any higher. However, FBR has expanded its list of "chronically...states. In these metro areas, default rates are "persistently high," FBR said. (c) 2006 National Mortgage...
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- News wire article from: Mortgage Line May 23, 2006 700+ words
...FBR. On the positive side, FBR predicts that the default rate...not go any higher. However, FBR has expanded its list of "chronically...states. In these metro areas, default rates are "persistently high," FBR said. (c) 2006 National Mortgage...
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- News wire article from: Mortgage Line Collins, Brian June 27, 2006 700+ words
Washington -- Default rates in areas of Louisiana...mortgage loans. The FBR monthly report on loans...the 12 MSAs," said FBR managing director Michael...6% from 29.3% The FBR researcher attributes...insurance payments, default rates on non-agency loans...
- Katrina-Area Default Rates Being Helped by Federal Payouts.
- Magazine article from: National Mortgage News May 8, 2006 700+ words
WASHINGTON -- Default rates in areas of Louisiana...mortgage loans. The FBR monthly report on loans...the 12 MSAs," said FBR managing director Michael...6% from 29.3% The FBR researcher attributes...insurance payments, default rates on non-agency loans...
- FBR Identifies 56 Problem B/C MSAs.
- Magazine article from: National Mortgage News January 23, 2006 700+ words
...have persistently high default rates on subprime and 'alt-A' loans. According to FBR research, subprime loans...Cleveland, and other areas. FBR analyst Michael Youngblood...its individual risk." FBR notes that the "higher...MSAs, the higher the default rates, cumulative ...
- FBR: B&C Defaults May Fall.(Friedman Billings Ramsey - Michael Youngblood )
- Magazine article from: Mortgage Servicing News Collins, Brian October 1, 2006 700+ words
...bravely forecasting a slight decline in the default rates for subprime mortgages by midyear 2007...Orleans had a default rate under 9%. FBR researchers define defaults as loans 90...the yield curve what really worries the FBR managing director. "We do believe that...
- FBR Expects B&C Improvement: 'We do believe the shape of the yield curve is one...
- Magazine article from: National Mortgage News September 18, 2006 700+ words
...bravely forecasting a slight decline in the default rates for subprime mortgages by midyear 2007...Orleans had a default rate under 9%. FBR researchers define defaults as loans 90...the yield curve what really worries the FBR managing director. "We do believe that...
- FBR Identifies 56 Problem MSAs for Subprime.
- News wire article from: Mortgage Line February 27, 2006 700+ words
...areas (MSAs) that have persistently high default rates on subprime and 'alt-A' loans. According to FBR research, subprime loans in these MSAs...delinquency rate compared to 0.77% nationally. FBR analyst Michael Youngblood said that the...
Source: HighBeam Research, Default Rates Appear to be Rising in Some Mortgage Pools.(Brief...