박예나 모기지 어드바이저 뉴욕 뉴저지 모기지 문의 T. 862-253-5926 / Yena Park Advisor Blog

Mortgage
Loan Specialist

뉴욕 뉴저지 커네티컷 모기지, 모기지 조정, 융자 상담문의

T. 862-253-5926

카톡바로문의

NY, NJ homeowners more likely to be in mortgage forbearance

Author
admin
Date
2020-06-03 04:48
Views
253
The number of homeowners seeking forbearance for their mortgages has risen dramatically as a result of the coronavirus crisis, with the Mortgage Bankers Association finding more than 8 percent of home loans to be in forbearance as of mid-May. But what kinds of homeowners have been seeking relief on their loans?

recent analysis by Kroll Bond Rating Agency provides some clues. The company ran a logistic regression analysis on about 22,000 mortgages across 47 residential mortgage-backed security transactions. It took into account attributes such as geography, interest rate, credit score and employment status to determine which factors had the greatest impact on the likelihood of forbearance requests.


The analysis found that geography plays a key role in determining which homeowners are more likely to request and accept a forbearance plan. A homeowner in New York was found to be three times as likely to have a mortgage in forbearance compared to an average “benchmark” borrower. That would be a wage earner in an owner-occupied property with a decent but not stellar credit score of 750, paying 4.25-percent fixed interest and living outside of California, New York, Florida, New Jersey, Texas, or Nevada.



New Jersey residents were also found to have significantly higher rates of forbearance, at 2.2 times the benchmark rate. Another key factor was being self-employed, which was found to double the probability of seeking and accepting a forbearance plan. Higher interest rates, having incomplete income documentation, or living in California also boosted the likelihood of forbearance, while credit score and cash reserves played a more minor role.

Because of the relatively small sample size of loans collected over a single month — April — Kroll’s report notes that “we believe these results are best viewed as informational indications of rank ordering and the direction (positive or negative) of effects and not as precise predictive measures.”

 

 

https://therealdeal.com/2020/05/29/trd-insights-ny-nj-homeowners-more-likely-to-be-in-mortgage-forbearance/
Total 48
Number Title Author Date Votes Views
48
USDA 론 자격, 조건 및 융자 방식 정리 (미국 주택 모기지)
admin | 2020.09.19 | Votes 0 | Views 212
admin 2020.09.19 0 212
47
 모기지 브로커 수수료 및 찾는 방법과 팁
admin | 2020.09.19 | Votes 0 | Views 163
admin 2020.09.19 0 163
46
미국 모기지론 종류, 금리 및 수수료 정리 (방법 포함)
admin | 2020.09.19 | Votes 0 | Views 170
admin 2020.09.19 0 170
45
[홈 인스펙션 칼럼] 투자하는 집 홈 인스펙션
admin | 2020.09.19 | Votes 0 | Views 133
admin 2020.09.19 0 133
44
모기지 이자율 사상 최저 기록
admin | 2020.09.19 | Votes 0 | Views 133
admin 2020.09.19 0 133
43
미국 부동산 시장 '코로나19 직격탄'... 임대료 폭락
admin | 2020.08.08 | Votes 0 | Views 306
admin 2020.08.08 0 306
42
코로나19 직격탄 제대로 맞은 뉴욕 맨해튼 부동산
admin | 2020.08.08 | Votes 0 | Views 257
admin 2020.08.08 0 257
41
숏세일 투자는 어떻게 이익을 창출하는가?
admin | 2020.06.19 | Votes 0 | Views 527
admin 2020.06.19 0 527
40
주택시장 가격이 하락해도 돈을 버는 미국 '모기지 서비스' 비즈니스 [출처] 주택시장 가격이 하락해도 돈을 버는 미국 '모기지 서비스' 비즈니스|작성자 랑팡
admin | 2020.06.03 | Votes 0 | Views 298
admin 2020.06.03 0 298
39
COVID-19 Pandemic Prompts NJ to Extend Mortgage Servicer Application and Registration Deadlines
admin | 2020.06.03 | Votes 0 | Views 262
admin 2020.06.03 0 262
38
NY, NJ homeowners more likely to be in mortgage forbearance
admin | 2020.06.03 | Votes 0 | Views 253
admin 2020.06.03 0 253
37
뉴저지주, 모기지 납부 90일간 유예
admin | 2020.06.03 | Votes 0 | Views 217
admin 2020.06.03 0 217
36
뉴저지 소기업 긴급 무상 지원 프로그램
admin | 2020.03.29 | Votes 0 | Views 278
admin 2020.03.29 0 278
35
2020년 위기라더니…여전히 활활 타오르는 미국 부동산
admin | 2020.02.21 | Votes 0 | Views 352
admin 2020.02.21 0 352
34
미국에서 집 사면 세금을 얼마나 낼까?
admin | 2020.02.12 | Votes 0 | Views 366
admin 2020.02.12 0 366
New

Address

300 Broad Ave, Palisades Park, NJ 07650