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Home inequity: Study finds income, job rut for millions in U.S.

August 27, 2020 sarah JonasResearch Results

At a time when evictions and mortgage defaults have been likened to an oncoming tsunami across America, a big-data study of loan-to-value ratios in the wake of the 2007-08 recession carries a cautionary forecast for vexing economic weather ahead:The higher a worker’s outstanding mortgage relative to their home value, the worse their future income growth and job mobility.

A government program that reduces mortgage defaults

August 27, 2020 sarah JonasResearch Results

Lower-income households that received mortgages through state affordable mortgage programs were less likely to default or foreclose than similar households that received conventional financing, a national study found.

First-of-its-kind Collateral Risk Education Series Launches Sept. 14

August 12, 2020 sarah JonasAnnouncement

Clifford Rossi, formerly a risk executive for the likes of Citi and Countrywide, directs an online series at the intersections of mortgage collateral valuation and risk management. Vigilance against deficiency in this area, he says, “is particularly critical as markets are supply constrained and getting the appraisal right is essential.”