NEW YORK--(BUSINESS WIRE)--Christopher Whalen, Senior Managing Director and Head of Research at Kroll Bond Rating Agency, spoke today at the 2015 Risk Summit Sponsored by CoreLogic. Mr. Whalen is also scheduled to speak on Tuesday, July 28, at 8:30 AM PST on a panel entitled “Let's Hear It From the Researchers.” He will be discussing the outlook for the U.S. economy and particularly the mortgage market. Among the points to be discussed:
- Bank balances of 1-4 family loans held in portfolio are stable at just over $2.3 trillion. New originations in 2015 should be about $1.4 trillion if current trends remain stable
Credit performance of bank 1-4 family mortgage loan portfolio
continues to improve, though doubtful credits remain elevated compared
- Bank balances of mortgage servicing rights (MSRs) are down due to sales and natural shrinkage due to decline of new originations and, as a result, loan sale volumes
To view the presentation, please click here: www.krollbondratings.com/show_report/2647
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).