Default Risk

Shed some light on your exposure.

Infographic image shedding light on default risk. MBA forecasts interest rates will increase over 50 bps in 2017, which will result in lower refinance activity and a shift towards a purchase market. Correspondent lenders have originated purchase loans for sale to the GSEs with higher risk of default as compared to retail. Mortgage aggregators may look to correspondent lending as a source of volume due to the reduction in the refinance market. Default risk components include borrower, underwriting & economic risk.

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