How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
FHFA announces replacement for its ARM index
The Federal Housing Finance Agency has published [84 FR 32738] a notice in today's Federal Register designating a replacement for its recently discontinued monthly index for adjustable rate mortgages.
The new index, to be called “PMMS+,” will be an adjusted version of Freddie Mac's Primary Mortgage Market Survey 30-Yr FRM [fixed-rate mortgage], and will take effect immediately. FHFA intends to publish the PMMS+ Index value monthly and on approximately the same schedule as it has been publishing the existing index. FHFA is soliciting public comments on its designation of the replacement index and will consider any comments received through September 9, 2019, before finalizing its decision about the successor index.