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Bill Rice is the CEO of Kaleidico, a leader in lead management systems. Prior to founding Kaleidico he was the VP of National Home Equity and the Home Loan Benefit program at Quicken Loans and one of the founding executives of DeepGreen Bank, an Internet-only bank that was one of the first and (at that time) largest buyers of LendingTree leads in early 2000.

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Watching Mortgage Risk in Motion

April 15th, 2008 • Related • Filed Under
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Many have watched in amazement as the mortgage industry has dramatically imploded. It is tracked like a body count on websites like the The Mortgage Lender Implode-O-Meter and each new melt down is a grand surprise.

However, I was just pointed to a tool yesterday that may take some of the surprise out who’s (at least among FDIC-insured banks) mortgage portfolios are impaired, relatively healthy, getting worse, getting better, and if the risk is large enough to materially effect the overall financial health of the institution.

This demostration of OSG Technology’s Boomerang, uses publicly available and captured required FDIC reporting from banks to visualize their mortgage portfolios and put in motion internal and relative mortgage portfolio trends.

Here is a sample that I ran on 90+ day lates from this demonstration:

90 day mortgage lates in bank portfolios

Try some of your own evaluations of top bank’s mortgage risk, and see trends and potential concerns in motion.

There Are 2 Responses So Far. »

  1. Comment by Gary Gloer on 17 April 2008:

    I am seeking information on loan modifications. I have heard that if you have a subprime loan the lender is required to fix the rate if you are current.

  2. Comment by Charles Lumia on 20 May 2008:

    That’s a really interesting little web application. It’s funny (it sucks actually) watching some of them nearly jump off the chart or expand into a rotund bubble as the time line progresses.

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