Bleak house: Swedish banks, US mortgage insurers face weakening property sectors

Louise Welin and Maria Gillholm discuss difficulties ahead for Swedish mortgage borrowers and real estate companies, and implications for banks. Also, new business is slowing for US mortgage insurers.

Guests: Bob Garofalo, Vice President – Senior Credit Officer, Moody’s Investors Service; Louise Welin, Vice President – Senior Credit Officer, Moody’s Investors Service; Maria Gillholm, Vice President – Senior Credit Officer, Moody’s Investors Service

Hosts: Danielle Reed, Vice President – Senior Research Writer, Moody’s Investors Service, and Myles Neligan, Vice President – Senior Research Writer, Moody’s Investors Service

To read more on this topic, visit Moodys.com (some content available only to registered users or subscribers).

• Financial Institutions – Sweden: Higher central bank rates are credit positive for banks, but asset risks are building 
• Mortgage Insurance – US: Profitability remains high as housing market begins to cool 
• Cross Sector – Sweden: Real estate refinancing risk worsens, but impact on banks manageable