Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

Riskier 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 loans from Fannie Mae and Freddie Mac (the GSEs) acquisitions increased at a rate of …

The post Riskier Cash-Out Refis Dominate Market, Increasing Risk Level appeared first on DSNews.

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