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Default Rate Increases for GSE-Backed Loans

The results are in and over the course of the second quarter the default risk of government-sponsored enterprise (GSE) backed loans rose by 0.28% to 1.48% for acquisitions originating in the second quarter.  This data comes from the Milliman Mortgage Default Index (MMDI), which is a lifetime default rate estimate calculated at loan ...

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October Housing Market Exceeds Expectations

According to First American Financial Corporation, the housing market strengthened on a modest basis in October saying that strong demand continues to push the market upwards.  First American, a company which offers title insurance, settlement services, and risk solutions for real estate transactions, released its Potential Home ...

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