Items Tagged with 'underwriting standards'

ARTICLES

  • Moody's: Mortgage delinquencies are on the rise

    Loosening underwriting standards and slowing home price growth will play a role
    Loan delinquencies for household debt have remained consistent over the past year, but Moody's Investors Service predicts this is about the change. New residential mortgage delinquencies clocked in at 3.55% last quarter, up 15 basis points from last year, Moody's said, calling this trend consistent with its prediction that delinquencies are on the uptick.
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  • It's official: Deutsche Bank reaches $7.2 billion RMBS settlement

    Largest RMBS settlement ever
    Late last year, Deutsche Bank announced that it reached a $7.2 billion settlement with the Department of Justice in connection with the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007. Although the bank made the announcement in late December, the settlement was not official, but it is now.
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  • Fannie Mae sets new date for use of trended credit data

    After unexpected delay, latest Desktop Underwriter update coming soon
    Last week, Fannie Mae unexpectedly announced a delay to the latest update to its Desktop Underwriter program. The delay was noteworthy because at the time, Fannie Mae didn't provide a date for when the use of trended credit data was going to begin. We now know the implementation date.
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  • Are your Facebook friends the future of your FICO score?

    One financial expert thinks so
    “You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
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  • The bank that rejects the most mortgages

    Looking for a mortgage and can't qualify? No problem. MarketWatch has the latest on the banks with the lowest underwriting standards. The list shows all of the rejection rates for various U.S. lenders.
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