“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.
Read More »Default Rates Continue to Drop
Default rates continue to decline as pandemic-related financial distress across the country continues to ease for homeowners.
Read More »What’s Happening to Mortgage Default Risks?
The UFA Default Risk Index, which measures the risk of default on newly originated nonprime mortgages, climbed seven points between Q4 2017 and Q1 2018, hitting 108. According to the latest UFA Mortgage Report released by University Financial Associates of ...
Read More »Defaults on the Downward Slope
The default rate has been steady and falling as home prices continue to rise in most parts of the country and sales of both new and existing homes increase. The default rate for both first and second mortgages fell in April. Additionally, most cities saw declining default rats, with the exception of New York.
Read More »Rising Default Rates Not Indicative of Economy’s Health
Despite the increases in default rates among mortgages and other types of consumer credit, their levels still point to an economy on the mend, according to one analyst.
Read More »Reversing the Trend: Downfall Seen in Defaults
Recent data shows drops in numerous default rates, a reverse of the trend seen last month. What factors support this decline?
Read More »Consumer Credit Default Picture Looks Brighter
The national credit picture took an upturn in May, as mortgage and consumer credit default rates ebbed from April numbers.
Read More »What is Driving the GSE Default Rate Down?
Just how much has the credit quality of loans purchased by both Fannie Mae and Freddie Mac improved since 2008?
Read More »Consumer Credit Default Rates Paint Mixed Picture
Mortgage default rates were down while bank card default rates were up in March. What does this reveal about consumer behavior patterns?
Read More »Wells Fargo Agrees to Pay a Steep Price for FHA-Insured Defaults
Regulators accused the bank of engaging in "reckless" underwriting practices on mortgage loans insured by the FHA.
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