Since 2018, Milliman has been tracking the Private Mortgage Insurer (PMI) New Insurance Written (NIW) landscape and Insurance In Force (IIF) performance to keep our finger on the pulse of the market.

The latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

This article analyzes the recently published Vantage data and provides comparisons against classic FICO. The aim of the analysis is to evaluate the credit score models, and to evaluate the potential impact that the transition could have on mortgage modeling.

We consider the dynamic and hybrid loss-ratio methods to be the most robust when reserving for reinsurers' mortgage exposures.

We give some guidance on housing affordability and home prices, considering the potential long-term impacts of recent supply and demand dynamics.

Using updated industry data, we shed light on questions about housing demand and supply, higher interest rates and affordability, and how prices may trend.

Now that we are several months into the COVID-19 pandemic, sufficient data exists to analyze its effects on the mortgage market and draw conclusions on the impact this disruption will have on the mortgage marketplace for the rest of 2020 and 2021.

This article provides clarity on the Adverse Market Refinance Fee and its potential impact.

This article takes a closer look at the COVID-19 disruption’s impact on the GSE CRT market....

This article takes a closer look at the COVID-19 disruption’s impact on the GSE CRT market.