U.S. Residential Mortgage Origination and Servicing Review and 2020 Outlook
Home prices continued to rise in 2019 while delinquency and foreclosure rates stayed at their lowest levels in years. In 2020, DBRS, Inc. (DBRS Morningstar) expects further home-price appreciation in most areas. Delinquency trends are projected to remain flat as successful modification plans continue and foreclosure rates remain low. DBRS Morningstar also believes that the number of real estate owned (REO) properties that will be taken back by lenders in 2020 will continue to decline as foreclosure starts continue to trend downward from their peak.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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