How about zero default rate?

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What’s an acceptable default rate on a mortgage? I say zero or close to it.

 

From DS News

Declining Default Rate Leaves Room to Loosen Underwriting Standards, Economist Says

The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel in an analysis entitled "What's an Acceptable Level of Mortgage Default?" published in CoreLogic's December 2014 edition of The MarketPulse. »READ MORE

 

- Sunil Sethi

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