While there is potential in the alternative data space to promote fair housing outcomes, the new methods come with their own concurrent risks, according to industry experts.
Issuance of ABS backed by music royalties will continue to grow, according to KBRA. Also, streaming royalty rates, a large share of music catalog revenues, are expected to increase in coming years.
Secondary market analysts speaking on a dv01 panel said that as unemployment increases, borrowers with lower credit scores will see drops in performance. In auto, inflation has reduced access to credit for lower-income borrowers.
The mortgage industry has raised concerns over the cost implications of both the CFPB’s proposed repeat offender registry and its proposed registry of contract terms that nonbanks use to censor customers.
The FTC filed a motion for a temporary restraining order and a preliminary injunction to halt the proposed acquisition of Black Knight by Intercontinental Exchange.
Speakers on a recent dv01 panel said unemployment would be a key factor in performance moving forward. Unsecured consumer loans are demonstrating some weakness, while auto performance is normalizing.
Now-Defunct 1st Alliance Lending is appealing a decision by the Connecticut Department of Banking regarding the lender’s alleged practice of allowing unlicensed employees to work with potential borrowers.