The Milliman Financial Default Index (MMDI) try an existence default rate guess calculated at financing height for a collection regarding solitary-relatives mortgages. Into purposes of it index, standard means financing that’s expected to become 180 months or higher outstanding over the lifetime of the mortgage. step one The results of your own MMDI mirror the most recent research buy provided by Freddie Mac and you may Federal national mortgage association, having dimension schedules ranging from .
Key results
Having loans acquired regarding the third one-fourth (Q3) of 2023, the value of the fresh MMDI increased to 3.10%, upwards away from 3.03% for money gotten during the 2023 Q2.
