delinquencies

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  • Citigroup expects mortgage delinquencies to rise


    Housing WireAuthority Authority: 665
    Mortgage-related issues will continue to be the "single largest source of risk facing the U.S. banking industry," Citigroup (C: 28.215 -8.21%) Chief Financial Officer John Gerspach said in a Tuesday conference call.Gerspach said the banking giant expects its delinquencies to rise slightly in coming quarters as ...
    1 week ago
  • Wells Fargo unconcerned with rising FHA mortgage delinquencies


    Housing WireAuthority Authority: 665
    Top Wells Fargo (WFC: 30.11 +1.69%) executives downplayed concerns about the Federal Housing Administration despite mounting mortgage delinquencies on the banks balance sheet.Wells Fargo home loans insured by the FHA or guaranteed by Veterans Affairs began climbing in the back half of 2011. By the end of the fourth ...
    1 week ago
  • FICO Survey Finds Student Loans As Next Economic Victim


    Toonari Post - A News Mash Up!Authority Authority: 440
    FICO’s quarterly survey of bank risk professionals found growing concern for the stability of the student loan market and deepening fears about the nation’s housing sector. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), shows that bankers expect delinquencies ...
    2 weeks ago
  • Gateway Mortgage Launches New Default Services Division


    Mortgage Net Branch OpportunitiesAuthority Authority: 133
    Gateway Mortgage Group has announced that it has developed an in-house subservicing unit focused on the specialty and default servicing of Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) loans, and has hired Kevin Osuna to direct the new operation as vice president of default ...
    2 weeks ago
  • Top 10 Debit and Credit Card Stories of 2011


    Woman TribuneAuthority Authority: 109
    This past year was a very eventful one in the debit and credit card industry. Here is a review of the top ten stories of 2011: Debit Card Interchange Fee The government regulation of the debit card interchange fee was the most controversial issue of the year. The Durbin Amendment to the Dodd-Frank financial overhaul ...
    4 weeks ago
  • Reverse Mortgages Can Help in Foreclosures Case


    Online EarningAuthority Authority: 117
    New year in 2008, executions were recorded 2.3 million U.S. properties. This is an increase of 80% from 2007, and also represents a 225% increase since 2006. These findings were made by RealtyTrac U.S. Foreclosure Market Report on January 15, 2009. The growing number of foreclosures has sent ripples through the ...
    4 weeks ago

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