creditrisk

August 19, 2022

Higher Interest Rates Led to Wider Mortgage Credit Box

Rising interest rates and higher home prices erode home buyer affordability as fewer buyers can afford higher home mortgage costs. As a result, the diminishing demand from borrowers may lead to expansion of mortgage credit availability and mortgage risk as more borrowers are considered who may ha...

June 1, 2022

Share of Non-Qualified Mortgages Increases in 2022, According to Co...

Non qualified mortgage loans have helped creditworthy borrowers who cannot otherwise qualify for traditional mortgage loan programs.

April 29, 2022

Is the Adjustable-Rate Mortgage Making a Comeback?

Between December 2020 and March 2022 the average mortgage rate on 30-year, fixed-rate mortgages jumped up by 149 basis points or 1.49%, whereas rates on 5/1 adjustable-rate mortgages increased by only 40 basis points for the same period. This increase in mortgage rate on FRM is incentivizing buye...

February 21, 2022

Serious Delinquency Rate for All Mortgage Loan Types Down from Last...

The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report.

January 31, 2022

Jumbo Mortgages Reach Highest Dollar Volume Since 2005

In terms of both dollars and market share, jumbo mortgage originations grew significantly in 2021 relative to the prior year.

January 13, 2022

Borrower Cost of Jumbo Loans Declines Compared to Last Year

Historically, large-balance mortgage loans, known as ‘jumbo’ loans, have had a higher interest rate than conforming loans.[1] However, since mid-2013, the interest rate for a jumbo loan was lower than a conforming loan until June 2020.