DSNews BY: Brian Honea November 17, 2015 Seven years after the housing market crashed, serious delinquency rates for most mortgage portfolios are at or near pre-recession levels, and the GSEs are no exception. The GSEs’ exposure to credit risk from mortgages originated during the years of the housing bubble continues to be “significant but declining,” […]
Tag: Credit
Low Mortgage Delinquency Levels Stabilize Consumer Credit Market
DSNews BY: Brian Honea November 16, 2015 Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday. While aggregate revolving credit balances rose by $13.5 billion […]
Mortgage Default Indices Continue Falling to Historic Lows
DSNews By: Brian Honea June 17, 2015 The national composite default index reported a historic low for the second month in a row in May, one of four out of five national indices to report historic lows for the month, according to S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for May 2015 released Tuesday. […]
Freddie Mac Lays Out Importance of a Consumer’s Credit Score in Homebuying
DSNews By: Brian Honea Since a borrower’s credit score influences a lender’s decision on whether or not to give that borrower a single family mortgage loan, the importance of having a good credit score when buying a home cannot be underestimated, according to Freddie Mac’s blog on Monday. According to Freddie Mac, the best […]
Analyst Forecasts Improvements for RMBS in 2015
DSNews – By Tory Barringer On December 16, 2014 The upcoming year is expected to bring continuing improvements in the market for residential mortgage-backed securities (RMBS), according to one forecast. In its predictions for 2015, Moody’s says stronger underwriting standards, third-party reviews, and the implementation of risk retention rules will all bolster the credit quality of new […]
Default Rates Decline in April to Lowest Post-Recession Rate
Data through April 2014 showed a decline in the national default rate from March, according to S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The indices are a comprehensive measure of changes in consumer credit defaults, released monthly. The national composite default rate recorded its lowest post-recession figure of 1.11 […]
FHA Program Aims to Expand Credit; Lower Risk
DSNews BY: Colin Robins May 13, 2014 The Federal Housing Administration (FHA) issued its “Blueprint for Access,” which aims to expand credit access for underserved borrowers by utilizing housing counseling as a means to reduce the possibility of loans becoming seriously delinquent. The announcement highlights a new pilot program, Homeowners Armed with Knowledge (HAWK), which […]
Credit Standards Stay Put for Prime Mortgage Products
DSNews BY: Tory Barringer May 6, 2014 A newly released survey of senior loan officers around the country finds credit standards remained largely the same on basic prime mortgage products over the latest quarter, while demand came in weaker. According to the Federal Reserve’s Senior Loan Officer Opinion Survey, released Monday, 14.3 percent […]
Credit Default Rates Decrease in January
DSNews BY: Colin Robins February 19, 2014 In a report released Tuesday by S&P Dow Jones Indices and Experian, data from the S&P/Experian Consumer Credit Default Indices revealed a decline in default rates during the month of January. The Indices are a comprehensive measure of changes in consumer credit defaults. […]
Is Tighter Credit for the Better?
DSNews, BY: KRISTA FRANKS BROCK It’s no secret underwriting standards have tightened in recent years, and while many decry the heightened standards for making homeownership less accessible to some Americans, CoreLogic economist Sam Khater pointed out in a report released Wednesday that heightened standards are undoubtedly impacting delinquency rates for the better. “While there has been much […]
