Risk of Default Rises on New Originations

As quarterly home lending activity slowed late last year, the risk that the newly made loans would default moved higher.

Mortgage originations during the final-three months of last year worked out to $488 billion, down from $505 billion the prior period.

But the nation’s residential loan production picked up compared to the first quarter of last year, when volume came to just $320 billion.

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From:: Financing