ANN ARBOR, Mich. – The lending climate for all lenders is less favorable than it was two years ago, but the "Nonprime Mortgage Report Best Places to Lend" for nonprime mortgage equity continue to be concentrated in the Southwest, according to a study by University Financial Associates, publisher of the Nonprime Mortgage Report. States rated "above average" by NMR include Texas, Oklahoma and Louisiana, in the Southwest. Outside of the Southwest, Alaska and West Virginia remain "above average." In addition, Mississippi returned to the list, while Connecticut dropped from it. NMR predictions are based on extensive analysis of local economic conditions in each state and the relationship of those conditions to loan profitability, including future defaults, prepayments, loss recoveries, and loan values. The report is issued every quarter.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
