Payment Shock - Unlocking Loan Solutions with Radian

10/17/23 • 6 min

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.

In this episode, we explore the concept of payment shock, its impact on loan reviews, and how it can be mitigated. We discuss:

Understanding payment shock in mortgage transactions
GSEs' guidelines on payment shock
Real-life scenarios illustrating payment shock
Strategies to mitigate payment shock
Importance of borrower education and suitable mortgage products in managing payment shock

Resources

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© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. "Radian" is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. Scenarios provided for illustrative purposes only do not constitute a commitment or the guarantee of a specified rate. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates.

In this episode, we explore the concept of payment shock, its impact on loan reviews, and how it can be mitigated. We discuss:

Understanding payment shock in mortgage transactions
GSEs' guidelines on payment shock
Real-life scenarios illustrating payment shock
Strategies to mitigate payment shock
Importance of borrower education and suitable mortgage products in managing payment shock

Resources

Previous Episode

Cybersecurity Month: We All Play a Role in Cybersecurity

In this episode of the Radian On Air podcast, Jeff Engle, assistant vice president of Mortgage Learning for Radian Guaranty, welcomes back Donna Ross, Radian Group's award-winning Chief Information Security Officer. They explore the importance of cybersecurity, especially in light of October being Cybersecurity Awareness Month, including the increasing threats to technology and confidential data, alarming statistics of cybercrime, and offer insights on how individuals and companies can protect themselves against these cyber threats.

Key points discussed in this episode include:

The significance of Cybersecurity Awareness Month and the role each individual plays in maintaining cybersecurity
A look at the current cyber threat landscape
The importance of continuous risk assessments, planning and testing due to constantly changing cyber threats
Practical tips on how individuals can protect themselves from credit card theft and identity theft - Download the Job Aid!

Radian On Air Podcast: Cybersecurity Awareness Month: Are You Prepared?
Radian On Air Podcast: Cybercrime: Trends, Impacts & Prevention
Resources:

© 2023 Radian Group Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. and its subsidiaries and affiliates make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. Redistribution or reproduction of all or part of the contents without Radian’s prior written consent is expressly prohibited. The content presented is intended to convey general information and is for informational purposes only and does not constitute legal or accounting advice or opinions. Determination of eligibility for a particular program or exemption is made by the relevant authority and not by Radian Group Inc. or its subsidiaries and/or affiliates

Next Episode

Non-Occupant Borrower - Unlocking Loan Solutions with Radian

In this episode, we explore the subject of non-occupant borrowers in mortgage transactions. We'll discuss what GSE guidelines consider when reviewing a loan with a non-occupant borrower, and how a non-occupant borrower may impact the loan decision.