Karen Pence , Ben Ranish , and Michael Suher Mortgage servicing right (MSR) valuations decrease when mortgage default and prepayment rates increase, as is generally the case when the economy enters into recession. To estimate how large these MSR valuation declines could be for the banking sector in a severe…

EconomyCapital MarketsDebt & FinancingUnited States

Source Federal Reserve (FEDS Notes)Updated 1 month agoPublished Unknown

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Image published by federalreserve.gov with the article “FEDS Note: Measuring Renters in Credit Data: Evidence from Linked Survey and Administrative Data” — Image: federalreserve.gov

Federal Reserve Board

Measuring Renters in Credit Data: Evidence from Linked Survey and Administrative Data

Anna Tranfaglia and Erin Troland Historic swings in rents during the pandemic have driven increased interest in research on the financial impacts of rising rents on households. However, compared to homeowners with a mortgage, data on renters are scarce, limiting researchers’ ability to analyze the 28 percent of…

EconomyCapital MarketsDebt & FinancingUnited States

Source Federal Reserve (FEDS Notes)Updated 1 month agoPublished Unknown

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