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A Double-Dip In Housing Has Definite Implications For Bank Earnings, S&P Report Says May 11
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 26, 2011--With more than one-third of loan portfolios allocated to the residential sector, housing is one of the key factors Standard & Poor's Ratings Services takes into account in analyzing the outlook for the U.S. banking industry. That's because banks are exposed to housing not only through their own loan portfolios, but also through their holdings of mortgage-backed securities (MBS). We have examined the impact on banks of a hypothetical double-dip in housing between now and December of 2012. We assume that in such a scenario house price declines would accelerate to 15% rather than the 5% envisaged in our baseline scenario. Rising interest rates, combined with receding business and consumer confidence, could be...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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