Product Details
Lending for the purchase or refinance of condominiums and cooperatives is a large portion of originations in many parts of the country, with such lending making up one-third of agency sales in DC in 2013, one-quarter in Hawaii and approximately one of every six agency loans made last year in New York and Illinois.
Similarly, for some lenders it is a large business source. For California-based Shea Mortgage, for example, condo lending made up 38.5 percent of its FHA loans and 25.2 percent of its sales to Fannie Mae and Freddie Mac for a total of $135.5 million in originations. For Barrington Bank and Trust, condo lending came to $224.9 million, comprising 20.0 percent of its GSE sales and 6.0 percent of its FHA lending.
Learn the particulars about condo originations at thousands of mortgage lenders in IMF’s data report Agency Condo Activity: 2013.
You’ll find charts detailing:
Lender-by-lender sales of condo and co-op mortgages to the government-sponsored enterprises for 1,522 lenders. The charts provide total volume, volume sold to each GSE, volume by loan purpose, market share, and the ratio of condo sales to the lender’s total GSE sales.
Lender-by-lender originations of condo mortgages indemnified by the FHA for 1,112 lenders. The charts provide total volume; volume by loan purpose, with conventional refinance and FHA refinance as separate numbers; market share; and ratio to total FHA indemnifications.
State-by-state activity. This chart includes total volume; volume sold to GSEs; volume indemnified by FHA; volume by loan purpose; market share; and ratio to total agency sales.
In the PDF and print versions, the lender charts are presented in ranked order and in alphabetical order.