Volume 2014 - Number 12
June 6, 2014
Downloads Available: Top Non-Agency Jumbo Mortgage Producers - 1Q14
Jumbo Originations Tumble in Early 2014 Even as Lenders Compete for Borrowers
Strong appetite from lenders for jumbo mortgages wasnít enough to overcome the overall decline in mortgage production in the first quarter of 2014. Jumbo originations declined by 21.4 percent compared with the fourth quarter of 2013, according to a new ranking and analysis by Inside Nonconforming Markets. And the estimated $44.0 billion in jumbos originated in the first quarter was down by 31.3 percent compared with the same period in 2013. The non-agency jumbo sector has gained some market share during that time as overall production has declined even more. Jumbos accounted for 18.7 percent of total originations in the first quarter of 2014, a level not seen since 2004. Wells Fargo remained...[Includes one data chart]
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