"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said Jonathan Glowacki, a principal at Milliman.
Read More »Cash-Out Refis Dominate Market, Increasing Risk Level
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 ...
Read More »Milliman: Expected Slowdown Driving Uptick in Mortgage Risk
According to Milliman’s latest Mortgage Default Index (MMDI) covering the first quarter of 2022, mortgage originations continued a decline recorded over the last three quarters due to increased interest rates and a decline in originations and refinances. The index value ...
Read More »Default Risk Rises in Q4
The default risk for GSE acquisitions hit 1.98% in Q4, up from a reading of 1.65% the previous quarter.
Read More »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 ...
Read More »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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