TITLE

Analysis of Loan Performance, Factors Associated with Defaults, and Data Sources

AUTHOR(S)
Shear, William B.
PUB. DATE
September 2010
SOURCE
GAO Reports;9/23/2010, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article examines the loan performance of nonprime mortgages in the U.S. It provides information on the performance of nonprime loans and the characteristics of loan and borrower as well as the influence of economic conditions in the likelihood of default and foreclosure of nonprime loans. It also discusses the features and limitations of primary sources of data on nonprime loan performance and the federal government efforts to improve the availability of the data sources.
ACCESSION #
54106915

 

Related Articles

  • Trends in Subprime Lending. Nelson, Travis P. // Business Law Today;Jul/Aug2008, Vol. 17 Issue 6, p27 

    The article presents information related to regulations regarding the subprime lending market in the U.S. It is noted that the risk of changed circumstances, altered expectations, and possible shifts in valuation of mortgage pools is presented by current legislative proposals. It is mentioned...

  • Cracks in the Foundation of Federal Law: Ameliorating the Ongoing Mortgage Foreclosure Crisis Through Broader Predatory Lending Relief and Deterrence. Lehe, Katherine M. // California Law Review;Dec2010, Vol. 98 Issue 6, p2049 

    The article explains the differences between predatory and subprime lending and explores laws which restrict predatory lending in the U.S. It recommends ways on how to come up with a litigation-based private enforcement scheme and to ensure regulatory oversight of the mortgage lending industry....

  • The Day of the Broker is done. Here come the banks. Streeter, Bill // ABA Banking Journal;Jun2009, Vol. 101 Issue 6, p5 

    The article discusses issues that are of relevance to the mortgage lending business in the U.S. It is noted that a more conservative model is being adopted by the mortgage lending business as it is still reeling from the excesses of the subprime era. According to Barrett Owens of First National...

  • Time to 'Up' Your Game. Smith, Douglas // Origination News;7/ 1/2014, p1 

    The author expresses his insights on the similarities between baseball players and mortgage creditors considering mortgage loans and offers tips for early mortgage contractors in the U.S.

  • Desperate Borrower Tries to Find Immediate Funding.  // National Mortgage News;5/7/2012, Vol. 36 Issue 32, p1 

    The article presents a conversation involving a borrower desperate to get funding to buy a home and several mortgage lenders in the U.S. Adelphos said it is impossible for the borrower to get immediate funding for his loan. Entrust Equity Funding LLC said the borrower could not close the deal...

  • Chase Pilot to Offer Jumbos Via its Correspondent Channel. Collins, Brian // National Mortgage News;7/6/2009, Vol. 33 Issue 39, p2 

    The article reports on the move of J.P. Morgan Chase & Co. to initiate a pilot program offering jumbo loans through its correspondent channel but limited to borrowers in Chase checking accounts in the U.S. According to a spokeswoman of Chase Mortgage, the jumbo loan will be available in Chase's...

  • Statutory Foreclosures in Arkansas: The Law and Recent Developments. Foster, Lynn // Arkansas Law Review (1968-present);2013, Vol. 66 Issue 1, p111 

    The article offers information on the U.S. foreclosure crisis lead amendments in the Arkansas laws and mortgage servicing standards that enhance debtors' rights and extend foreclosure processes. It informs that new statutes and standards will aid homeowners in several ways by fostering effective...

  • Rekindling 'Cramdown' Debate. Sichelman, Lew // National Mortgage News;9/13/2010, Vol. 34 Issue 49, p6 

    The article offers the author's view on the issue of cramdown which is a judicial procedure in the U.S. that disregards a portion of the borrower's mortgage because the value of the loan collateral is worth less than the amount its owed. He highlights a study conducted by two economists at the...

  • Loan Modifications Creating Need for More Counseling. Dymi, Amilda // Mortgage Servicing News;Aug2009, Vol. 13 Issue 7, p11 

    The article reports on the significance of borrower counseling in loan modifications in the U.S. The counseling tends to be necessary as loan modification process may establish roadblocks that prevent consumers from getting modification. The Consumer Credit Counseling Service (CCCS) of Greater...

Share

Read the Article

Other Topics