Over the past year, risk on new mortgage originations moved modestly higher. Much of the increase was tied to a rising share of investor and condominium loans.
For single-family loans originated during the period that began on April 1, 2017, and concluded at mid-year 2017, the Housing Credit Index landed at 117.
The index moved up from the previously reported level in the first quarter by 11.4 points. Compared to the second-quarter 2016, the index was up 20 points.
Source: Mortgage Daily