RiskSpan’s Leader on Residential Mortgage Risk, Kathy Kelbaugh, Weighs in on Mortgage Rates in an Article for Bloomberg Business

Maybe Alan Greenspan Was Right About Floating-Rate Mortgages Vindication? Back in 2004, Alan Greenspan suggested Americans might benefit from taking out more floating-rate home loans. More than a decade after the former Federal Reserve chairman touted adjustable-rate mortgages, James McAndrews, the New York Fed’s director of research, has suggested that the U.S. may indeed have been better off with more floating-rate home loans. And just like Greenspan’s comments, the latest remarks come just as the U.S. central bank is preparing interest-rate increases that would ostensibly make it more expensive for borrowers with such debt. Greenspan’s advice seemed particularly ill-timed.   ShareTweetShare+1

Secondary Marketing Executive, January/February Edition Article on Risk Management in the New Regulatory Environment Features Interview with RiskSpan

In the first of a two part series on quality control as an essential aspect of risk management, SECONDARY MARKETING EXECUTIVE magazine interviewed leading industry experts including RiskSpan Managing Director Allen Jones on how software and systems are helping lenders reduce defects and ensure compliance. CLICK HERE to read the full article: Risk Management In The New Regulatory Environment ShareTweetShare+1

The New York Times Interviews RiskSpan Managing Director Allen Jones on Heloc Risk

Allen H. Jones, a managing director of RiskSpan, a mortgage data consulting company in Washington, said the estimate of a 20 percent elevated default risk is in line with his company’s observations. He also sees loan servicers that are reaching out to borrowers getting better-than-expected results. “The outspoken nature of the O.C.C. guidance on Heloc risk served the industry well,” Mr. Jones said. “Many of our clients have proactively managed their exposure and applied lessons learned from the housing crisis.” Read the full article: Dealing With Home-Equity Resets. ShareTweetShare+1