On a quarter-over-quarter basis, mortgage lenders have reduced the amount of risk they took. But there was an increase from a year earlier as refinance share retreated.

The Housing Credit Index for the third-quarter 2017 came in at 111.1. The index reflects six credit-risk attributes for mortgages that were originated from July1 to Sept. 30.

Home lenders cut their risk on single-family loans from the preceding three-month period, when the index was previously reported to be 117.

Source: Mortgage Daily