Skip to main content

The world of credit: The 10 commandments of credit

National Mortgage Professional
Jan 03, 2006

BenchMark finalizes results for CBA's 19th Annual Home Equity Lending StudyMortgagePress.comBenchMark Consulting International,Home Equity Lending Study BenchMark Consulting International (BCI), an Atlanta-based management consulting firm to the financial services industry, has finalized the results of the 2005 Consumer Bankers Association's (CBA's) Home Equity Lending Study. The study includes detailed findings in home equity portfolio and booking activity, product characteristics, pricing, marketing activities, sourcing channels, underwriting attributes, portfolio management attributes and delinquencies/charge-offs. Conducted by CBA in conjunction with BCI, the 2005 report included 39 participating home equity lenders, an increase of more than 50 percent from last year's study. Surveys were submitted in the third quarter of 2005 and data collection focused on the twelve months prior to June 30. Findings showed that while home equity growth is still on the rise, respondents reported lower average growth percentages than in previous years. According to Brian King, BCI's consumer lending and mortgage banking practices manager, "While not as brisk as in the previous two years, overall home equity portfolio growth continues on a double-digit pace according to the data, and home equity line growth is 25 percent." Findings indicated that institutions' appetites for risk continue to expand. Eighty-eight percent of this year's study population originated C- or D-rated credits (defined as having a FICO score of less than 630). Among respondents who originated sub-prime credits, these credits represented an average of six percent of new line accounts and 11 percent of new loan accounts. Supporting the branch-building trend of recent years, the study indicated that retail branches continued to be the primary channel of home equity lines and loans. The study also provides detail on other channels, direct mail and Internet marketing, as well as cross-sell activities. For more information, visit
Jan 03, 2006
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023