The number of insured mortgage loans in a particular class (and issued in the same year) that result in claims over a specified time period expressed as a percentage of the total number of insured mortgages in that class. This claim rate increases during periods when foreclosure rates are high. The cumulative claim rate may be assessed on a national basis or for a particular housing market (e.g. Atlanta, GA).
Related information about cumulative claim rate:
- What is cumulative claim rate? definition and meaning
Definition of cumulative claim rate: The number of insured mortgage loans in a ... The cumulative claim rate may be assessed on a national basis or for a ...
- Calculated Risk: Default Statistics, Or Mortgage Math Is Hard
Aug 16, 2008 ... So the CDR is now a little under 4% (1 out of 28), and the cumulative claim rate is a little over 3% (1 out of 30). Interpreting the numbers from a ...
- Seller Concessions / FICO Score - HUD
recent budget forecasts a 19.63 percent cumulative claim rate for loans that are subject to this Notice. We map the time trend of claim rates over the thirty year life ...
- Appraisals, Automated Valuation Models, and Mortgage Default
Mean. Sigma. Dependent. Cumulative delinquent rate. 12.47%. 12.34%. 16.40%. Cumulative claim rate. 4.90%. 4.56%. 9.64%. Cumulative prepay rate. 75.97% ...
- Analyzing Recent Experience on FHA Investor Loans
distribution is obtained by letting a be the observed cumulative claim rate of the mortgages satisfying the proxy definition of investor loan and b = 1-a.
- Prospective Role of Mortgage Insurance in Support of Housing F
Cumulative claim rate: Over the life of an insured loan portfolio or insured mortgage pool, the total number of claims as a percent of the total number of insured ...
- Mortgage Default Insurance in the U.S.: Implications ... - Urban Institute
Cumulative claim rate: Over the life of an insured loan portfolio or book of insured mortgage loans, the total number of claims as a percentage of the total number ...
- Moving the market forward: Principles for returning FHA to its ...
Nov 6, 2012... scenario these will experience an average cumulative claim rate of 8.5 per 100 loans or about 1 in 12 loans. But averages can be deceiving.