CFPB collecting data on 600 million credit accounts despite privacy, security risks

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

3 burning appraisal questions for the CEO of Veros

This is what Darius Bozorgi means

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S
Lending

Survey: 70% of lenders believe housing recovery is real

A new survey of bank risk professionals shows the originations space warming to the idea of expanding home lending.

Approximately 70% of the professionals surveyed feel home prices are rising at a sustainable pace, reaffirming that the housing recovery is real.

FICO and the Professional Risk Managers International Association surveyed bank risk professionals regarding their predictions for the next six months.

"The latest survey results, combined with data that indicates the real estate market is improving in many regions, paint a positive picture for a sector of the economy that has been slow to join the recovery," said Andrew Jennings, chief analytics officer at FICO and head of FICO Labs.

Meanwhile, 59% of bankers expect the supply of credit for residential mortgages to meet demand over the next six months, and 60% expect the supply of credit for mortgage refinancing to meet demand.

Jennings explained, "Mortgage lenders have been understandably guarded over the past five years. The improvement in their sentiment should be welcome news, and I wouldn't be surprised to see lenders cautiously expanding their mortgage and home equity lending businesses."

The survey found 84% of people believe that the level of mortgage delinquencies will decrease or stay the same, a significant improvement over last quarter.

Additionally, less than 20% believe the level of home equity line delinquencies will rise.

bswanson@housingwire.com 

 

Recent Articles by Brena Swanson

Comments powered by Disqus