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 level of a portfolio of single-family mortgages. Default is defined as a loan that is at least …
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