Research And Markets Research And Markets

U.S. Mortgage Banking Outlook 2007: Navigating Through Correcting Housing Markets Nov 06

  • ID: 1790900
  • November 2006
  • Region: United States
  • Standard & Poors
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  • AmSouth Bancorp.
  • Bank of Hawaii Corp.
  • Commerce Bancorp, Inc.
  • National City Corp.
  • Santander BanCorp.
  • Wachovia Corporation
  • MORE

The U.S. mortgage banking business remains extremely competitive and innovative and has become more integral to retail banking strategies. The mortgage markets today hold much greater credit and interest rate risk than ever before. Lenders, consumers, and investors are accepting higher-risk Alt-A and subprime loans in greater numbers because of looser underwriting standards and broader FICO-scale distribution of nontraditional adjustable rate mortgage (ARM) products. This layering of credit risk in mortgage lending practices has generated loans whose performance has not been tested in a weak housing and economic cycle. During the next year, U.S. financial institutions will be operating in a slower housing market and with historically high levels of residential mortgage loans. Some market experts are characterizing the recent...

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Research Type: Commentary
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- AmSouth Bancorp.
- Bank of Hawaii Corp.
- Downey S&L Assn.
- Wachovia Corporation
- BMO Bankcorp Inc.
- Bank of America Corp.
- National City Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- First Horizon National Corp.
- Huntington Bancshares Inc.
- BB&T Corp.
- SunTrust Banks Inc.
- Countrywide Financial Corp.
- JPMorgan Chase & Co.
- American Savings Bank FSB Honolulu HI
- Citigroup Inc.
- BancorpSouth Inc.
- MUFG Americas Holdings Corporation
- Popular Inc.
- TCF Financial Corp.
- Doral Financial Corp.
- Webster Financial Corp.
- People's United Bank, N.A.
- Washington Mutual, Inc.
- Wachovia Mortgage FSB
- Astoria Bank
- North Fork Bancorp
- Citizens Financial Group, Inc.
- Commerce Bancorp, Inc.
- IndyMac Bank FSB
- Santander Bank, N.A.
- BANA Holding Corp
- BMO Financial Corp
- Santander BanCorp.
- Trustmark Corp.
- OFG Bancorp

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Note: Product cover images may vary from those shown