WEST CHESTER, Pa. — A Moody's study from date supplied by Equifax and Moody's Investors Services that assesses how much further credit conditions will deteriorate is available at www.economy.com.
|The study provides projections for first mortgage delinquency and default rates for the country and the 200 largest metropolitan areas. The models used in the study take unemployment, employment growth, house price growth, household debt service burdens and lenders' underwriting standards into account and combines them with large-scale macro-economic data to make its projections about the mortgage market. The result is a baseline and three more negative alternative scenarios.
|The nation's housing and mortgage markets appear to be very fragile, and Moody's posits that if just a few thing fall the wrong way the current correction in the market could become a crash. The fallout from that on the economy would be substantial, they say. The study ends with a careful consideration of this possibility. The price of the study is $5,5995.
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.
