Tag Archives: FICO

Two Mass Shooters and Banking Fraud?

Ben Swann examines an interesting angle that brings to light some facts about the fathers of both the Aurora Colorado shooter and the Newtown Connecticut shooter.


Wayne Madsen Deep Background on the Dark Knight Shooter – MK-Ultra Op?

No Recovery in Home Prices Until 2020

Homes under water

In yet another sign of a stalled economy, a new survey out last Friday found that half (49%) of America’s bank risk managers believe home prices won’t recover before 2020, and mortgage defaults will persist for years. Only 21% of respondents are optimistic that housing prices will soon rise back to 2007 levels.

Karina Frayter reports for CNBC, October 1, 2011, that the survey was conducted by the Professional Risk Managers’ International Association for FICO.

The findings, which authors called “a decidedly pessimistic outlook”, are a sharp reversal from cautious optimism the survey respondents expressed late last year and in early 2011.

In addition, 73% of surveyed bankers say they expect mortgage defaults to remain elevated for at least another five years. And 46% believe mortgage delinquencies will increase over the next six months. Only 15% of respondents expect mortgage delinquencies to decline during that period.

Bankers’ concerns spread beyond the housing market. The survey also found:

  • A large number of respondents expect to see an uptick in delinquencies on auto loans, credit cards and student loans.
  • Small businesses will continue to face a challenging credit environment. More than one-third of respondents forecast an increase in delinquencies on small business loans.
  • Bankers also appear to be pessimistic about recovery in consumer spending, with 64% of respondents expecting credit card usage to remain below pre-recession levels for at least five more years.