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Tag Archives: Home Purchase Loans

Shift from Bank to Nonbank Lending Causing Rise in Default Risk for Agency-Backed Loans

The across-the-board increases in default risk can be attributed to the risk associated with nonbank lending, which is substantially higher than that of big bank loans, according to AEI. The composite NRMI was reported to be 11.93 percent in February, a slight increase of 0.1 percentage points from the prior three-month average and a jump of 0.8 percentage points year-over-year. The composite index just hit a series high of 11.94 percent in January.

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