credit overlays Archive

FHFA Gives Banks Reason to Revisit Overlays

The federal government is taking steps to ease a problem lenders have been complaining about for several years, and that’s the buy-back risk they face if they underwrite a federally backed loan that goes bad and the guarantor of...
September 12, 2012

Chase: Overlays are to Protect Loans, Not Avoid Repurchases

Two Chase executives hosted a webinar earlier this week to share with NAR members how their bank’s loan processing works. They talked about the documents they require borrowers to submit, the common application problems they’ve identified, and what some...
September 6, 2012