The latest Mortgage Default Index (MMDI) published by Milliman, Inc., showed that mortgage risk rate continues to increase in the second quarter of 2022 with heavy cash-out refinance volumes weighing on the market. According to Milliman, the default risk for ...
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Default Risk on GSE-Backed Loans Increases
Economists say historical and predicted home-price appreciation is the primary reason for an elevated potential for mortgage delinquencies.
Read More »Cash-Out Refis Drive Default Risk
GSE volume increased YoY in Q4, with low rates factoring into a steady rise in cash out refis.
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