The 17th installment of our COVID-19 Performance Report offers a comprehensive overview of the online lending, CRT, and non-QM markets.
While modification reporting in non-QM has improved since the onset of the pandemic, some issues persist that affect our impairment reporting, particularly around the conclusion of modifications. We developed logic to circumvent the lack of consistency around COVID-19 modification reporting to accurately identify modifications. As expected, this has impacted previously reported impairment and modification rates. We are committed to providing unparalleled transparency into loan performance and will continue to ensure data integrity by working with all parties as we advocate for a unified reporting standard.
Download the November end-of-month report to see updated insights with data through November 23, 2020 for online lending and October 31, 2020 for mortgages.