High Home Prices, Fewer Refinances Drove 2021 Mortgage Risk Growth

National Mortgage News, Nov. 22, 2021–Paul Centopani (subscription)
As refinancing volumes generally declined through 2021 and buyers snapped up homes despite exorbitant price appreciation, default risk shot up in the second quarter, according to a report from actuarial and consulting firm Milliman.
https://www.nationalmortgagenews.com/news/high-home-prices-fewer-refinances-drove-2021-mortgage-risk-growth