Quarterly home-lending activity slowed from three months earlier and a year earlier. As production moved lower, lenders took more risk on new originations.
A comparison of the volume and weighted-average risk of quarterly mortgage originations, the mortgage Default Risk Index, was 96.6 as of the fourth-quarter 2017.
That put the weighted-average probability of default on the $402 billion in residential loans originated during the final-three months of last year at 1.12 percent.
Source: Mortgage Daily
