COVID-19 and the mortgage credit risk market
Critical Point
English - July 17, 2020 13:00 - 23 minutes - 16.2 MB - ★★★★★ - 17 ratingsBusiness Technology milliman critical point insurance healthcare technology retirement property & casualty risk management insurtech financial services Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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COVID-19 has had far-reaching economic implications, but what does the pandemic mean for the U.S. mortgage market? On this episode of Critical Point, Milliman’s Mike Schmitz from the firm’s mortgage practice, and Chris Harner from Milliman’s Cyber Risk Solutions group, discuss the impact of the pandemic on mortgage defaults and the credit risk market. While unemployment spiked and remains high, Schmitz notes that mortgage risk is much more sensitive to home prices than unemployment rates, and currently all signs point to market trends that will not be as severe as during the global financial crisis.
You can read the episode transcript on our website.