Moody's: Increased equity borrowing eroding credit-positive effects of home price appreciation on US RMBS
New York, February 28, 2017-- Homeowners' increased borrowing against their properties is eroding the credit-positive effects of rising home prices on US residential mortgage-backed securities, Moody's Investors Service says in a new report. Although today's strong underwriting standards and operational practices will help mitigate the negative effects of this trend, especially if home prices continue to rise, the risks could increase as loan products used for equity...
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