Over the weekend while searching the Internet for local market RE metrics I stumbled across these reports and thought the Piggs would be interested…
(Files are attached to thread)
The data is compiled by the industry leader in gathering mortgage performance information. Their products are primarily used for analyzing risk of mortgage backed securities. Their customer base is mainly major institutional investors and hedge funds.
The Core Mortgage Risk Monitor (CMRM) is a quarterly publication providing an economic forecast, analysis and commentary on the relative risk of residential mortgage loan delinquencies due to fraud propensity and collateral risk, house price dynamics, and the health of local market economies.
The Core Mortgage Risk Index (CMRI) is the basis for the forecast. An elevated CMRI signals the increased potential for financially disruptive and costly economic consequences for consumers, their local community, and mortgage financiers. The CMRM tracks this risk in more than 380 metropolitan markets across the United States representing more than 89 percent of the U.S. population.
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