cumulative claim rate

Definition

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).
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
cumulative causation cumulative discount privilege