A quarter-over-quarter and year-over-year decline was recorded for the level of risk on new mortgage originations.
In the third quarter of last year, the country’s residential lenders generated $505.2 billion in mortgage production.
Home-lending activity moved lower versus the previous three-month period, when $447.2 billion in loans were closed.
VantageScore Solutions LLC reported the statistics Thursday.
On the most-recent total, the Mortgage Default Risk Index was 82.5. That put the weighted-average probability of default at 0.96 percent.
The level of risk on mortgages was down more than 3 percent from the second quarter.
Compared to the third quarter of 2015, there was a nearly 5 percent decline in risk.
