Mortgage Default Risk Edging Toward ‘Normalcy’

Lenders and investors should expect defaults on mortgage loans currently being originated to be 31 percent higher than the average of loans originated in the 1990s, according to a new report from University Financial Associates (UFA). The UFA Default Risk Index for the fourth quarter of 2011 edged lower to 131 from last quarter’s revised …

small payday loans very cheap

Continue reading ‘Mortgage Default Risk Edging Toward ‘Normalcy’’ »

FDIC’s ‘Problem Bank List’ Shrinks for First Time Since 2006

Bad real estate loans from the heyday of the boom have weighed heavy on banks’ balance sheets, forcing 365 FDIC-insured institutions to close up shop over the last two-and-a-half years. The FDIC keeps a list of banks it considers to have a high-risk of failure. This so-called “Problem List” has declined for the first time …

Continue reading ‘FDIC’s ‘Problem Bank List’ Shrinks for First Time Since 2006’ »