After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…
The Consumer Financial Protection Bureau was critical this week of aspects of the student loan securitization process as well as servicer performance as it issued its latest annual report on private student-loan borrowing. The report analyzed more than 5,300 private student loan complaints between Oct. 1, 2013, and Sept. 30, 2014, an increase of 38 percent over the previous year. “Lending practices in the private student-loan market in the years preceding the financial crisis shared...
Bill Dallas, who runs Skyline Lending, told us he believes the “new” non-agency movement is beginning right now. “Today, we‘re doing 90 percent agency,” he said. “In 2017 the ratio will be 60 percent agency.”
With most “easy” refinance business long gone, some lenders have turned their attention to lower credit-quality borrowers. New research from Fair Isaac suggests that borrowers with the lowest credit scores are showing improved performance, helping to ease some concerns about lending to such borrowers. Ethan Dornhelm, principal scientist at Fair Isaac, said average FICO scores tend to decline during an economic downturn, as consumers have more difficulty meeting loan obligations ...
RSS