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'Third Wave' Augers Challenge.(SourceMedia Subprime Lending Symposium)
The mortgage market is changing, and that could pose challenges for companies that service home loans.
The nonprime mortgage industry has evolved and changed dramatically in recent years, with one leading executive predicting at a recent SourceMedia Subprime Lending Symposium that the subprime sector is poised for another shakeout. Brad Bradley, chief executive at Senderra Funding, said that stiff price competition is weeding out some competitors. To succeed in the business now, lenders need to keep a close eye on costs.
And data from SourceMedia's mortgage database group suggest lenders are also coping with the competitive environment by expanding their product line up, originating more "exotic" loans than ever before. Alt-A lending was up 81% late last year from the year before. Interest-only loans accounted for 25% of the market in the fourth quarter of last year.
The MBA, which tracks quarterly delinquencies, so far has not seen any alarming increase in overdue rates. But with subprime lenders accounting for an increasing share of the total mortgage market, MBA chief economist Doug Duncan has advised ...
- SourceMedia To Host 4th Annual Subprime Lending Symposium; Sessions Target...
- Press release article from: Business Wire April 25, 2006 700+ words
NEW YORK -- The 4th Annual Subprime Lending Symposium, presented by SourceMedia, will be held in Las Vegas...will deliver a presentation titled, "The Future of Subprime Lending." Sessions were designed to cover issues on the minds...
- 'Manage Expenses'.(Subprime Lending Symposium)
- Magazine article from: Origination News Harmon, Jennifer June 1, 2005 700+ words
...lenders to manage expenses and quality of products in order to control profit growth, said panelists at the Subprime Lending Symposium here, sponsored by SourceMedia, the parent company of this publication. Together, the companies represented...
- Accredited Co-Founder to Address Subprime Lending Symposium.
- Press release article from: Business Wire June 9, 2004 700+ words
...LEND), a national non-prime residential mortgage lender based here, will participate at the June 14 Subprime Lending Symposium in San Francisco. Ray McKewon, executive vice president and a director of Accredited, will be a featured...
- Critics Fault North Carolina Subprime Lending Study.
- Magazine article from: National Mortgage News Sichelman, Lew October 28, 2002 700+ words
Recent findings that subprime lending "continues to thrive" in North Carolina under one of...two studies were presented at a recent CRC-sponsored subprime lending symposium here. And their conclusions are diametrically opposite...
- Six Years Later, Back to B&C: Thomson Media hosts subprime lending conference...
- News wire article from: Mortgage Line Fogarty, Mark July 6, 2004 700+ words
...amp;C conference, at LaJolla, Calif., we are sponsoring another one this month in San Francisco. The Subprime Lending Symposium, organized by Broker affiliate Thomson Media Conferences, will be held at the InterContinental Mark Hopkins...
- FDIC Says Banks Undercapitalized for Subprime Lending.
- Magazine article from: National Mortgage News February 14, 2000 700+ words
...set higher capital requirements on subprime lending is running into opposition from fellow...Banking Committee last week. But subprime lending is difficult to define and is only...agencies have been addressing issues of subprime lending, residual assets, and capital requirements...
- Risk and Subprime Lending.
- Magazine article from: National Mortgage News TANOUE, DONNA October 25, 1999 700+ words
...her concern regarding the rise in subprime lending. An excerpt of her remarks is presented...borrowers - a line of business known as "subprime" lending. The extent of bank and thrift involvement...to quantify because the degree of subprime lending is not transparent in their ...
- In a first, FDIC warns banks about dangers of subprime lending. (Federal...
- Magazine article from: American Banker Rehm, Barbara A. May 13, 1997 700+ words
...warn banks about the risks posed by subprime lending. In a May 2 letter made public late...Supervision Nicholas J. Ketcha Jr. said subprime lending had produced "substantial losses...300 state-chartered banks defines subprime lending's risks and outlines the controls...
