|
|
Credit underwriting standards and profitable growth.(Retail Risk Management)(Retail Risk Management Conference)
- Article from:
-
The RMA Journal
- Article date:
-
October 1, 2005
- Author:
-
|
Copyright informationCOPYRIGHT 2005 The Risk Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
During the 2005 RMA/CBA Retail Risk Management Conference, Gail Gandy, a Regional Risk manager at Wachovia Bank, and Dan Wolf, director of Consumer Risk at RBC Centura Bank, led a lively discussion on the challenges affecting today's risk managers.
6 Six management challenges have emerged from a combination of explosive growth in retail lending--particularly HELOCs, relaxed underwriting standards, improved performance in delinquencies, a shift from the stock market to real estate as an investment, and an increase in non-owner-occupied financing and compressed spreads. Gail Gandy, a Regional Risk manager at Wachovia Bank, and Dan Wolf, director of Consumer Risk at RBC ...