Finance Articles

New Mortgage Industry Report From S&P Offers Biannual Lending Analysis

New York, NY (PRWEB) January 30, 2008 -- Standard & Poor's Ratings Services' Servicer Evaluations group announced today the launch of new lending servicing industry (http://301url.com/ml5) reports that will provide a detailed view of all mortgage market segments, including subprime and Alt-A loans. The biannual "Servicer Evaluation Spotlight Report", contains the industry's most extensive array of aggregated servicer performance data, including a full range of servicer metrics that only Standard & Poor's could provide.

"The Servicer Evaluation Spotlight Report (http://301url.com/mlf) aggregates performance statistics across a range of relevant servicer functions, such as escrow administration, loss mitigation, default management, and the management of adjustable-rate mortgage (ARM) reset and loan modifications," said Michael Gutierrez, managing director and head of Standard & Poor's Structured Finance Servicer Evaluations group. "It offers valuable transparency into the mortgage servicing industry for investors, servicers and anyone interested in knowing what is happening on the industry's front lines."

The recently published inaugural Servicer Evaluations Spotlight Report, which is available for purchase, details the mortgage loan administration performance of approximately 91 U.S. residential mortgage lenders. The residential mortgage servicing industry data contained in the report were collected solely through Standard & Poor's servicer evaluation analytical methodology (SEAM) data collection process, which contains more than 4,000 fields of servicing data for each client. SEAM is the proprietary data collection and benchmarking methodology which S&P developed to collect analyze, benchmark, and trend servicer performance data.

The Spotlight Report provides a current snapshot of the mortgage servicing industry (http://301url.com/mlf), which enhances the understanding of current industry developments while providing early identification of emerging trends. The report's fact-based insight includes areas of coverage and representative metrics such as:

-- Loan modifications;

-- Amount of principal written off;

-- Frequency/extent of interest rate changes;

-- Adjustable rate mortgage resets;

-- First-time ARM resets;

-- Upcoming resets over the next three years;

-- Average monthly increase of borrower payments;

-- Default management;

-- Collector efficiency;

-- Foreclosure timeline performance;

-- Real estate owned (REO) metrics, including market turnaround times and loss severity

measurements;

-- Staffing/capacity measures taken to address increasing delinquencies/foreclosures;

-- Cash processing;

-- Payment processing channels;

-- Payment posting efficiency;

-- Escrow administration;

-- Lender-placed insurance;

-- Placement cancellation and renewal rates;

-- Customer relationship management;

-- Efficiency measurements; and

-- Call center metrics.

"Given the large repository of servicer data that Standard & Poor's is able to offer, this information is indispensible for investors who want to make informed decisions about current portfolios, assessing the risks of portfolios considered for purchase and gauging the relative performance of their current servicers," added Mr. Gutierrez. "Servicers, in turn, can use the Spotlight Report as a way to measure their own performance against the industry at large."

A summary of the inaugural report, "Summary Report: Servicer Evaluation Spotlight," is available on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.RatingsDirect.com.

About Standard & Poor's:

Standard & Poor's is a leading provider of financial market intelligence. The world's foremost source of credit ratings, indices, investment research, risk evaluation and data, Standard & Poor's provides financial decision-makers with the intelligence they need to feel confident about their decisions. Visit www.StandardandPoors.com to learn more.

About RatingsDirect:

RatingsDirect serves as the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-9823 or sending an e-mail to research_request @ standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site at standardandpoors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. Members of the media may request a copy of this report by contacting the media representative provided. For more information about the full Servicer Evaluation Spotlight Report, please visit spotlightreport.standardandpoors.com, or e-mail Standard & Poor's U.S. Servicer Evaluations group. To purchase the full report, please contact Standard & Poor's Client Services at 1-800-596-5323 and select option 3.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Pay Your Mortgage With MLM
Wouldn't it be great to earn an extra income, not necessarily a large amount of money, but an extra amount which could pay for something like the home mortgage? Network Marketing is truly set up in a way to make this a possibility. Read Kozan's latest article to find out how now.

Access Business Technologies Unveils PowerSite – Instant Websites for Mortgage Companies
ABT Continues Providing Innovative Solutions to it’s Customers.

Maximizing a Stock Market Investment
Maximizing a stock market investmentThere are several factors an investor in the stock market should consider for a maximum return on an investment:1. All stock purchases should be commission-free.

Bargaining For The Best Reverse Mortgage Rates
Reverse mortgage rates are not different form traditional mortgage rates, and when you are applying for a reverse mortgage you should make every effort to find the lowest reverse mortgage rates you possibly can. While comparison shopping takes time, you can help your own cause by taking advantage of the reverse mortgage calculators available on one of the many reversed mortgage Internet websites.

Where To Borrow Money For Your Wholesale Business
Let us say that you found a bargain for your wholesale business for a wholesale xbox 360 bulk unit consoles. You do not want to go to the bank, file papers as many banks still need your presence and you truly believe that your offer will be rejected by the loan officer clerk that probably receives a loan request for the more than feared online investment. How can I get a loan then?

Mortgage Glossary of Terms
A brief list of some of the most common Mortgage terms.Adverse Credit The term used if the borrower has a poor credit history.

Mortgage Insiders Change Sides to Help Consumers Fight Foreclosures
A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are helping borrowers keep their homes, and work out new loan arrangements to avoid foreclosure, bankruptcy and financial ruin.

Primary Capital Mortgage Introduces New Service for Mortgage Brokers: JumboExpress
Brokers seeking jumbo loans for borrowers to gain direct access to Wall Street.

Community Capital Management Bond Purchase Marks $2 Billion Invested in Community Development: Investments in All 50 States Finance Affordable Ho
Community Capital Management (formerly known as CRAFund Advisors) announced today that it has purchased more than $2 billion worth of bonds that finance community development throughout the United States. The milestone solidifies the company's place as the leading fixed income investment manager for directing capital to the nation's underserved communities.

ChoicePoint's MARI Introduces New Mortgage Loan Fraud Alert Service
The Mortgage Asset Research Institute (MARI(sm)), a ChoicePoint® (NYSE: CPS) company, today announced the release of its new MARI Loan Fraud Alert Service (LFAS). MARI LFAS is a mortgage industry-contributed loan process database that enables lenders and investors to identify potential application risk, patterns of fraud and hidden relationships among transaction parties.

Mortgage Terminology Explained
When you first apply for a mortgage, you may feel you?ve stepped into a different culture with a language all its own. More than likely, your mortgage professional is throwing many new terms and expressions your way. It?s the responsibility of that same mortgage professional to make sure you understand everything that?s being explained to you, so you should never hesitate to ask them to stop and clarify. However, if you can approach your application meeting armed with some familiarity with mortgage terms, everyone can be more comfortable from the very beginning. Familiarize yourself with the following and you?ll be a step ahead of the average first-time borrower.

Mortgage Refinance Calculators Can Save You Time
It may seem that you are stuck in a fixed-rate mortgage, but suddenly the interest rates are dropping significantly and you are missing out. An adjustable-rate mortgage would have allowed you to benefit from lowering rates, but you are in a fixed-rate mortgage. You may want to benefit from those dropping interest rates. Refinancing would be the answer. But will it really mean saving your more money? That is why the use of mortgage refinance calculators is so extremely useful.

Geezeo Aggregates Investment Accounts: Users Can Now Manage all of Their Finances on Geezeo
Release Highlights

LAEDC Says New Study on Foreign Direct Investment in LA County Reveals a Major Economic Impact
FDI Report finds 4,384 foreign firms operating in L.A. Modest growth in international trade activity in SoCal is expected this year, but the local customs district will stay number one in the United States.