Tag Archives: FICO warns mortgage

Bank risk professionals believe Americans who are over leveraged on mortgage, student loan and credit card debt remain a risk to the broader economy, according to a FICO report. FICO drew that conclusion from a fourth-quarter survey of bank risk professionals conducted by the Professional Risk Managers’ International Association. Of those surveyed, 47% of risk managers say they expect mortgage delinquencies to rise, while 13% believe delinquencies will fall. FICO says that’s more pessimistic when comparing 4Q survey results to the previous quarter. Student debt also remains a concern, with […]