Posts Tagged ‘mortgage origination’

Mortgage Origination Volume Falls 34%

Posted on June 07, 2017 by Laura Lam

Mortgage origination volume fell 34% in the first quarter compared with the fourth quarter, driven mainly by a 45% drop in refinances, according to Black Knight Financial Services’ Mortgage Monitor report.  Overall, lenders originated about $372 billion in first-lien mortgages in the first quarter – the lowest volume seen since the fourth quarter of 2014.  Purchase originations fell 21% compared with the fourth quarter but were up 3.0% compared with the first quarter of 2016, according to the report. An ATTOM Data Solutions report also showed that a little over 1.4 million loans (refinance and purchase loans) were originated in the…

Mortgage Origination Demand Hits Pre-Crisis High

Posted on September 20, 2016 by Laura Lam

Home purchase lending hit a post-2007 high in the second quarter as low interest rates and growing consumer confidence continue to support the housing market.  “You are seeing the employment picture brighten,” said Bob Walters, the chief economist for Quicken Loans. He said consumers are more secure in their jobs and feel more comfortable because home prices are again on the rise.  “You go back a few years, people were still afraid home prices could fall again,” he said. “So there is a psychological component that is making this home buying season more robust than in the past. Since the…