CoreLogic August MarketPulse Report-Mortgage Risk Associated With Natural Hazards

摘要

CoreLogic released its August MarketPulse report on August 15, 2013. In this report, CoreLogic economists share their analysis of refinance activity in the U.S. housing market and also the role that natural hazard risk plays in managing mortgage portfolios. Key findings include: 1. Mortgage default risk is influenced by natural hazard risk. 2. When a natural disaster occurs, a mortgage holder is almost twice as likely to default in high-risk areas as compared to low-risk areas. 3. Miami has the greatest exposure to mortgage default risk due to natural hazards. 4. Forecasts estimate that roughly 70 percent of the expected dollar volume of refinance originations for 2013 has already occurred. 5. The recent increase in long-term mortgage rates has cut the share of outstanding mortgages with above-market rates by 25 percentage points.