Serious delinquencies and charge-offs in the home equity loan sector remained low in January 2005, according to the Moody's Investors Service's Home Equity Index Composite, released this morning. In January, the 60-plus day delinquency rate totaled 5.55%, an almost 27% decrease from January 2004's 60-plus day delinquency rate of 7.59%. The charge-off rate has been decreasing steadily since March 2004 and hit its lowest level in seven years in January 2005 The 0.75% charge-off rate for January represents a 32% improvement over the January 2004 charge-off rate of 1.10%.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
5h ago -
With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.
9h ago -
The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
April 18 -
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17