Early payment defaults drop below pre-pandemic levels

National Mortgage News | By Bonnie Sinnock

Published September 16, 2021

A key indicator of loan buyback risk has fallen back below pre-pandemic levels, according to Aces Quality Management’s most recent quarterly report.

Early payment defaults during the second quarter were at 86.5% of their year-end 2019 levels, down significantly from 126.7% in the first quarter of this year. AQM currently measures EPDs using the fourth quarter of 2019 as a benchmark.

View Article Source →

View all news

Improve Productivity And Quality While Controlling Costs And Risk

Request a demo