First, SEPA for Cards, second, the overall SEPA migration process and, third, the governance of the SEPA project in the future. SEPA for cards Card payments are growing in popularity. The recent “World Payments Report 2009” 2 confirms this.
Banks participating in the survey identified a familiar assortment of factors as damping their willingness to extend any type of loan to these borrowers: the risk that lenders will be required to repurchase defaulted loans from the GSEs (“putback” risk), the outlook for house prices and economic activity, capacity constraints, the risk-adjusted opportunity cost of such loans, servicing costs, balance sheet or warehousing capacity, guarantee fees charged by the GSEs, borrowers’ ability to obtain private mortgage insurance or second liens, and investor appetite for private-label mortgage securitizations.