Risky Cash-Out Refinance Loans Now Double in Volume

Mortgage Professional America, Sept. 2, 2022–Candyd Mendoza
The latest Milliman Mortgage Default Index estimates the default risk for government-sponsored enterprise acquisitions – purchased and refinanced loans backed by Freddie Mac and Fannie Mae – increased to 2.78% from 2.28% in the previous quarter.
https://www.mpamag.com/us/mortgage-industry/market-updates/risky-cash-out-refinance-loans-now-double-in-volume/419134