Tag: 苏州桑拿EU

Shift Towards Investor Refinance Loans Leads to Higher Credit Risk

No Comments

first_img CoreLogic creditors HOUSING Housing Credit Index loans Purchase Refinance Risk 2017-12-19 Staff Writer Shift Towards Investor, Refinance Loans Leads to Higher Credit Risk Credit risk in Q3 2017 increased due to a shift in the purchase loan mix to more investor loans and a shift in the refinance loan mix to borrowers with lower credit scores and higher debt-to-income (DTI) ratio according to CoreLogic’s Q3 2017 Housing Credit Index (HCI) released on Tuesday. In Q3, the HCI increased 111.1, up 18 points from 93.1 in Q3 2016 remaining within the HCI benchmark range of 90-121.The HCI measures trends in six home mortgage credit risk attributes and indicates the relative increase or decrease in credit risk for new home loan originations compared to prior periods. The six attributes include borrower credit score, DTI, loan-to-value ratio (LTV), investor-owned status, condo/co-op share and documentation level.“The CoreLogic HCI is up compared to a year ago, in part reflecting a shift in the mix of loans to the purchase market, which typically exhibit higher risk. Looking forward to 2018, with continuing economic and home price growth, we expect credit-risk metrics to rise moderately,” Dr. Frank Nothaft, chief economist for CoreLogic said. The report noted that while credit score for homebuyers increased seven points year over year between Q3 2016 and Q3 2017, rising from 739 to 746, the share of homebuyers with credit scores under 640 was 2 percent compared with 25 percent in 2001, indicating that the Q3 2017 share was less than one-tenth of the share in 2001.In terms of DTI, the report said that, the average DTI for homebuyers in Q3 2017 was unchanged from Q3 2016 at 36. In Q3 2017, the share of homebuyers with DTIs greater than or equal to 43 percent was 22 percent, down slightly from 24 percent in Q3 2016, but up from 18 percent in 2001.The LTV for homebuyers dropped by almost 2 percentage points year-over-year from 86.4 percent in Q3 2016 to 84.9 percent in Q3 2017 according to the report which also indicated that the share of homebuyers with an LtV greater than or equal to 95 percent had increased by almost one-third in 2017 compared with 2001.While the investor share of home purchase loans increased to 4.4 percent in Q3 2017 from 4 percent in the year ago period, the share of home purchase loans secured by condominiums or co-op buildings increased to 11.5 percent in Q3 2017 from 10 percent in the year ago period.The report noted that low or no-documentation loans remained a small part of the mortgage market in 2017. Sharecenter_img in Daily Dose, Featured, News, Origination December 19, 2017 640 Views last_img read more

Go back to the enewsletter The World Journeys D

No Comments

first_imgGo back to the e-newsletter >The World Journeys Director, Chris Lyons, is currently in Chile for the Adventure Travel World Summit, and reports on his experience in the Atacama Desert.“From the air the Atacama Desert resembles the surface of Mars we have all become so familiar with. The driest place on earth, the land reflects many beautiful hues of orange, red and yellow, dotted with volcanoes and high mountains of the Andes chain. After a flight of nearly 2 hours north from Santiago, you arrive in the dusty mining town of Calama which is the jumping off point for the main tourist destination of San Pedro de Atacama, situated about 75 minutes driving time from Calama.“Here in San Pedro, there are a number of excellent resorts with world class cuisine that cater for visitors wanting to explore the amazing countryside. These resorts offer a selection of sightseeing tours (included). There is no question that you should stay at least three nights in San Pedro, though I recommend four! Top of most people’s list will be a visit to the El Tatio geyser field, 3rd largest in the world. This can be visited either from San Pedro or perhaps included in a trip to the remarkable Uyuni Salt Flats in Bolivia.“Indeed the Chilean-Bolivian border is only about 40 km from El Tatio and less than three hours drive from San Pedro. To visit El Tatio, we left the hotel early travelling through towering volcanoes, some still active. We saw herds of grazing llama, vicuna, foxes and some ‘whistling rabbits’ as well the Andean Gull and endangered Andean Geese. There are also impressive cacti that grow only in altitudes above 3000 metres, but would likely not look at all out of place in a Western movie set in the blazing hot deserts of Arizona!“On arrival at El Tatio admire an extensive range of geysers before a picnic breakfast. Sunrise is the best time to visit as the area offers the most impressive displays of steam ejected into the air. The Valley of the Moon with its impressive terracotta hued canyon etched out by millennia of wind and water, is easily accessible from San Pedro. I highly recommend the late afternoon tour, when the sun begins to sink in the desert sky, the colours are extraordinary!“Another ‘must see’ are the salt lakes with three different species of flamingo! It seems incongruous that these graceful birds should live at such high altitude but they manage to thrive on shrimp that live in the brackish water. Parts of these lakes are pure white as the build-up of salt is bleached in the sun, which shines almost all the time. Another by-product of the clear skies happens at night, a tremendous display of stars. With help from the hotel’s resident astronomy expert through a telescope I was able to see the rings of Saturn!“San Pedro de Atacama itself is a quaint and somewhat low-key tourist town with a nice vibe and an attractive church. There are some very good restaurants and excellent bars along the one main street, interspersed with tourist souvenir shops. I would recommend taking the hotel shuttle into town one evening and soaking up the atmosphere, enjoying a pisco sour, the national cocktail of Chile. I was very impressed by the dramatic scenery this area offers, a landscape so very different from our own.”World Journeys offer two itineraries to see the Atacama Desert, a 7 day Santiago to La Paz – Atacama & the Uyuni Salt Flats priced from $5,055 per person share twin and a 4 or 5 day Sensational Atacama priced from $2,370 per person share twin.World Journeys is also offering the following:Free nights in East AfricaWorld Journeys have Stay/Pay deals on the Elewana Collection of luxury safari lodges and camps in Kenya and Tanzania.  Stay 4/Pay 3, Stay 6/Pay 4 or Stay 10/Pay 7 deals (Park fees are still payable) are available at top safari camps including Elsa’s Kopje, Joy’s Camp, and Elephant Pepper Camp in Kenya, which are featured in World Journeys’ 11-day Adamson’s Footsteps itinerary.  World Journeys also have 2 for 1 deals, when staying 7 nights, at AfroChic and Kilindi, both boutique beach hotels in Kenya and Tanzania. Both deals are valid on new bookings only until the end of May 2016, when booked and deposited by 30 November 2015. World Journeys’ Director Ange Pirie personally visited many of these properties on a recent product trip and is able to personally recommend specific properties to match client needs.Free flights to the GalapagosWorld Journeys are offering free return flights to the Galapagos Islands from mainland Ecuador for all new bookings of any duration departing before 31 December 2015 aboard cruises of the MV Santa Cruz, Yacht Isabela II or the Yacht La Pinta. To get to the Galapagos, fly to one of its two airports from either Guayaquil or Quito. Once aboard, small groups embark on wildlife exploration designed to see unique fauna, giant Galapagos tortoises, iguanas, blue-footed boobies and the famous Darwin’s finches. Offer available on all sailings in 2015, of any duration. Expeditions on La Pinta start from $3,900 per person share twin.Go back to the e-newsletter >last_img read more