AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Risk Goes Up On B&C Loans.(Brief Article)
The default risk on newly originated nonprime mortgage loans "remains at elevated levels," according to a quarterly report from University Financial Associates.
And the risk has risen by over 30% since 1998 as a result of a slowing economy, according to the report.
"The risk is rising because the accommodating interest rate policy of the Fed is not sufficient to offset the eroding prospects for both the consumer and the underlying housing collateral," said Dennis Capozza, professor of finance at the University of Michigan and a principal at UFA.
The Nonprime Mortgage Report default risk index for the fall of 2002 rose to 104 from a revised reading of 102 the previous quarter, but unchanged from two ...
- Nonprime mortgage default index steady as it goes.
- Newspaper article from: Asset Securitization Report Sibayan, Karen February 18, 2002 700+ words
...nonprime mortgages is holding steady despite negative economic conditions, according to the most recent Nonprime Mortgage Report (NMR) Default Risk Index for Winter 2002. This quaterly study, which is conducted by the University Financial Associates...
- Nonprime Mortgage Lenders Providing Unprecedented Relief to Homeowners Affected...
- Press release article from: PR Newswire September 23, 2005 700+ words
...Rita threatening the Gulf Coast, nonprime mortgage lenders, like other responsible...Association (NHEMA), which represents nonprime mortgage lenders, said, "NHEMA continues...who have stepped up to the plate, nonprime mortgage lenders and their employees are doing...
- GAO releases analysis of nonprime mortgage lending
- Magazine article from: Northwestern Financial Review Anonymous August 15, 2009 700+ words
...The General Accounting Office released new information on nonprime mortgage lending. GAO indicated that the percentage of nonprime...in the likelihood of default for the most common type of nonprime mortgage product." GAO also collected "perspectives of mortgage...
- Wells Fargo Announces Added Improvements to Nonprime Mortgage Lending Practices.
- Press release article from: PR Newswire August 30, 2005 700+ words
...all prepayment charges after 12 months when a Wells Fargo nonprime mortgage is refinanced by another loan originated through any Wells...procedures will now be consistent across Wells Fargo's nonprime mortgage lending businesses. These include aligned policies and...
- Studies released on nonprime mortgage pricing factors.(Business Alert)(National...
- Magazine article from: Mortgage Banking Wisniowski, Charles September 1, 2005 700+ words
...million mortgage loans made in all 50 states and the District of Columbia during 2004 by multiple lenders that specialize in nonprime mortgage lending. FICO scores have the largest influence on mortgage prices, the studies concluded--the higher the FICO score...
- 'Nonprime Is Evolving'.(Brad Bradley' s opinion about nonprime mortgage...
- Magazine article from: Origination News Finkelstein, Brad June 1, 2006 700+ words
LAS VEGAS -- The nonprime mortgage business in the future will not look like it has in the past, nor as it does today, said Brad Bradley, keynote speaker at the...
- The Week that Was: Assessing The Ripple Effects in Nonprime.(nonprime mortgage...
- Magazine article from: American Banker Berry, Kate March 5, 2007 700+ words
Last week's turmoil in the nonprime mortgage market may have raised as many questions as it answered about the industry's exposure to problem loans. But there was no doubting...
- Mortgages Smothering WaMu's Growth in Cards?: CreditSights analysts say...
- Magazine article from: National Mortgage News November 27, 2006 700+ words
...unexpected pressure on WaMu's booming card business. Specifically, CreditSights said that an industrywide buildup in nonprime mortgage debt may pose a threat to credit card quality, saying that subprime mortgage debt reached $465 billion at year-end...
Source: HighBeam Research, Risk Goes Up On B&C Loans.(Brief Article)