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How Affinity Utilizes Market Data to Analyze Mortgage Risk

When it comes to determining and understanding risk in your real estate loan portfolio, not only is it important to have the right data, it is important to know how to use it.

With first mortgage delinquency rates doubling from 0.68% in 4Q07 to 1.26% in 4Q08, controlling mortgage risk has become a top priority in 2009 for credit unions with a sizable real estate lending portfolio. One tactic being used by credit unions is shocking loan-to-values.

In this excerpt from the recent webinar Wisely Managing Your Real Estate Portfolio’s Risks and Opportunities, Cris Tiberi of Affinity Credit Union elaborates on how his credit union shocks LTVs. He relies on data & analytic services from First American Corelogicto conduct these stress tests and other risk management processes to stem potential losses.

Also appearing on the webinar was John Cooke of Mission Federal Credit Union. First American Corelogic released a case study on Mission FCUon how they too are employing new practices to stem losses on their mortgage and home equity portfolios.

This article is sponsored by a recognized solutions provider in the credit union industry. Callahan & Associates does not endorse vendors or the solutions they offer, and the views and opinions offered here might not reflect those of Callahan. If you are interested in contributing an article on CreditUnions.com, please contact the Callahan team at ads@creditunions.com or 1-800-446-7453.
April 1, 2015

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