Tag Archives: Michael Schmitz

Critical Point examines COVID-19 and the mortgage credit risk market

In this episode of Critical Point, Milliman consultants Chris Harner and Michael Schmitz discuss mortgage credit risk and market trends in light of the COVID-19 pandemic. This episode is the first in a two-part series on credit risk. The next episode will look at the potential that cyberattacks may increase within the financial sector as a result of the pandemic.

To listen to other episodes of Critical Point, click here.

Forecasting the mortgage crisis

Was the bursting of the housing bubble predictable? Risky innovative products and unsustainable home prices spelled the perfect storm for mortgage markets in 2008.

In this video, Milliman consultants discuss the initial warning signs of the eventual subprime mortgage crisis.

For a retrospective look back, see the paper by Michael Schmitz, “What happens when credit risks come home to roost?” which considers some of the factors leading to the crisis.