Mortgage Origination Activity

Jumbo Mortgage Originations

Market-wide production of jumbo originations. Columns include agency figures split into Fannie, Freddie and FHA subcategories, non-agency figures, and share of jumbo originations out of total originations and agency originations. Data available yearly 2008-2011 and quarterly for 2011.

2008-4Q11 Data

Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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Housing Pulse