Search Results for “mortgage stress” – Page 30 – Digital Finance Analytics (DFA) Blog

Norway Tightens Mortgage Underwriting Standards

Moody’s says Norway’s Proposed Tighter Mortgage Underwriting Standards Are Credit Positive for Banks and Covered Bonds. On 8 September, Norway’s Financial Supervisory Authority (FSA) published a proposal for tighter mortgage underwriting limits. The proposed regulation, made to the Ministry of Finance, includes a limit of 5x loan value to the borrower’s gross income; requiring loans … Continue reading “Norway Tightens Mortgage Underwriting Standards”

Brexit Uncertainty Dampens UK Housing & Mortgage Outlook

Fitch Ratings has revised its UK housing and mortgage outlook from Stable/Positive to Stable in light of the UK’s referendum on leaving the EU, to reflect increased uncertainty around the UK housing market and economic fundamentals created by the vote. A Stable sector outlook will continue to support our Stable RMBS ratings Outlook. UK house … Continue reading “Brexit Uncertainty Dampens UK Housing & Mortgage Outlook”

Genworth 1H16 Offers Mortgage Book Insights

Whilst Genworth, as one of the two independent Lender’s Mortgage Insurers in Australia, will have a skewed mortgage portfolio compared with the market (higher Loan-to-Value (LVR) loans which the banks prefer not to cover internally), we get a good feel for the market from their results today. Whilst the proportion of new loans with a … Continue reading “Genworth 1H16 Offers Mortgage Book Insights”

Bank of England Tightens IRB Mortgage Models

The UK Prudential Regulation Authority (PRA) proposes to set out a revised approach to IRB risk weights for residential mortgage portfolios and guidance as to how firms model probability of default (PD) and loss given default (LGD) for these exposures. The effect will be in some cases to lift the amount of capital held against … Continue reading “Bank of England Tightens IRB Mortgage Models”

Canadian Regulators Ups The Ante On Residential Mortgage Lending

According to Moody’s last Thursday, Canada’s Office of the Superintendent of Financial Institutions (OSFI) notified the country’s regulated mortgage lenders that it will intensify its supervisory oversight of their residential mortgage underwriting practices. In the past 10 years home prices in Canada have lifted more than in Australia, although the debt to disposable income ratio … Continue reading “Canadian Regulators Ups The Ante On Residential Mortgage Lending”

US Bank Stress Tests Highlight Improving Resilience – Fitch

The first stage of this year’s US bank stress tests highlights improving resilience with solid results despite a severely harsher scenario that included a more severe downturn than previous tests and negative short-term US Treasury rates, Fitch Ratings says. All 33 US bank holding companies passed the minimum capital ratio requirements. Tested firms overall generally … Continue reading “US Bank Stress Tests Highlight Improving Resilience – Fitch”

WA Mortgage Borrowers Struggling Most

From The Advisor. The number of home loans in arrears continued to rise during the first quarter of 2016, with Western Australia topping the list. According to the Standard and Poor’s (S&P) Performance Index, the percentage of prime mortgages more than 30 days in arrears increased to 1.13 per cent in the March quarter, up … Continue reading “WA Mortgage Borrowers Struggling Most”

Mortgage Delinquencies Higher – S&P

From Business Insider. The mortgage arrears rate for Australian home owners is the highest it’s been in more than a year the latest Standard & Poor’s (S&P) Rating Services Mortgage Performance Index (SPIN) shows. That’s the fourth consecutive month in which arrears have risen and S&P said that the increase was across all loan types. … Continue reading “Mortgage Delinquencies Higher – S&P”

ABC 7:30 Does Mortgage Debt Burden

On Monday 7:30 did a segment on the mortgage debt burden on Australian households. Using a leaked report prepared by APRA from before the GFC they indicated that the regulator was concerned about the level of mortgage debt in 2006, and included modelling to suggest that up to 7% of households could default by 2009, … Continue reading “ABC 7:30 Does Mortgage Debt Burden”