delinquencies

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  • Citigroup expects mortgage delinquencies to rise


    Housing WireAuthority Authority: 663
    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 ...
    2 weeks ago
  • Wells Fargo unconcerned with rising FHA mortgage delinquencies


    Housing WireAuthority Authority: 663
    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 ...
    2 weeks 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

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