Capital Alpha projects that the “emerging reform thrust” might emulate ideas promulgated by the Mortgage Bankers Association, which is adamantly opposed to recap and release.
A few years ago, ComplianceEase was chosen to provide the technology platform that enables regulators and licensees to cooperate and share the electronic files necessary to facilitate e-exams.
Some $247.0 billion of subprime mortgages were outstanding at the end of the first quarter of 2017, according to estimates by Inside Nonconforming Markets.
The credit landscape is improving as more lenders introduce new credit-scoring mechanisms and eligibility requirements, but it may not mean much for mortgage origination volume, at least in the short term, according to a new study by mortgage consulting firm the Stratmor Group. The study noted that when faced with slower housing growth due to demographics, affordability, and higher healthcare costs, lenders will look to loosen underwriting standards to feed their production capacity. Rob Chrisman, senior advisor with Stratmor, said many of the “good borrowers” have refinanced and bought homes already, leaving lenders with borrowers of lesser credit quality. “Lenders and investors, too, are...
VantageScore is gaining traction as an alternative to FICO credit scores in consumer lending and structured finance, according to a study by DBRS. Introduced in 2006 as a joint venture among three national credit bureaus – TransUnion, Experian and Equifax – VantageScore was first used in securitization transactions backed by student-loan refinancings. Its transition to consumer loans and structured finance demonstrates industry acceptance as an alternative to the widely used FICO scores, DBRS pointed out. The study compares...
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