Items Tagged with 'underwriting standards'


  • 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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  • Balancing Act

    Mortgage insurers could face new barriers

    What's the cost of stronger underwriting?
    Mortgage insurers face ongoing challenges as the market attempts to shift to private capital. At the same time, regulators are calling for stronger underwriting standards at private MIs, but the sudden push could stall the return of private capital.
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