Workshop 2: "Housing Matters: Mortgage Lending in an Era of Unprecedented Prices, Lending and Risk" presentation by Gail Burks ISSUES Market Factors Populations Impacted Mortgage Risk Trends New Paradigm MARKET FACTORS Profit Centers Growth (global) Inconsistent / Non-existent Laws Lack of Enforcement – Domestic Laws IMPACT Low Wealth Communities Government Economy (broad cost to all) TRENDS Earlier Delinquency Inability to Pay Increased Scams Maturing interest only loans Inflated income Hybrid Mortgages TRENDS – ADDRESSING THE PROBLEM Mortgage Restructure Loss of Property Bankruptcy (re-establish) Increase (family wealth through savings) TRENDS LTV / CLTV 125% Debt Ratio 55% Pre-Counseling None Owner Occupied Yes Down Payment 2nd Mortgage Personal Funds None TRENDS Reserves None Cash Basis None Other DAP None Employment Inconsistent Requirements Other Pick A Payment NEW PARADIGM Rental Asset Development Focus Voluntary Opt Out (cash only) NEW PARADIGM Integrated Global Asset Development Global Advocacy Parallel Laws ID: 37425 Author(s): iff Publication date: 28/04/06

World Partner       EU-Partner

Created: 19/05/06. Last changed: 19/05/06.
Information concerning property and copy right of the content will be given by the Institut For Financial Services (IFF) on demand. A lack of explicit information on this web site does not imply any right for free usage of any content.