Milliman: Mortgage Default Risk at 3.1% for Loans Acquired in Q3 2023

Milliman, Seattle, released its third-quarter Milliman Mortgage Default Index, which showed that quarter-over-quarter, mortgage default risk increased to 3.1% for loans acquired during the quarter from an adjusted 3.03% in the second quarter.

Milliman’s Ryan Huff: Does Loan Modification Help Borrowers?

With low levels of affordability, forbearance may not be sufficient to prevent future mortgage defaults and foreclosures, and alternative loss mitigation options may be required to help borrowers retain home ownership. Questions often asked in the industry on this topic are: what type and how much loss mitigation is required to prevent redefault?

Milliman’s Ryan Huff: Does Loan Modification Help Borrowers?

With low levels of affordability, forbearance may not be sufficient to prevent future mortgage defaults and foreclosures, and alternative loss mitigation options may be required to help borrowers retain home ownership. Questions often asked in the industry on this topic are: what type and how much loss mitigation is required to prevent redefault?

Milliman’s Ryan Huff: Does Loan Modification Help Borrowers?

With low levels of affordability, forbearance may not be sufficient to prevent future mortgage defaults and foreclosures, and alternative loss mitigation options may be required to help borrowers retain home ownership. Questions often asked in the industry on this topic are: what type and how much loss mitigation is required to prevent redefault?