Volume 2014 - Number 22
June 5, 2014
Downloads Available: Agency Purchase Market - 1Q14
Downloads Available: Top Refinance and Purchase Mortgage Producers - 1Q14
Downloads Available: Top Lender Channel/Loan Purpose Detail - 1Q14
Purchase-Mortgage Lending Starts 2014 Ahead of Last Year’s Pace, But Volume Fell Sharply From 4Q13
New originations of both refinance loans and purchase mortgages fell sharply from the fourth quarter, with the biggest slump in the refi market, according to a new Inside Mortgage Finance ranking and analysis. An estimated $104 billion of refinance loans were originated in the first quarter, down 45.6 percent from the end of 2013. Compared to a year ago, refi production was down 76.2 percent. Refinance originations hit a cyclical high at the end of 2012 and early 2013, averaging nearly $440 billion per quarter, and it’s been going down steadily since then. With interest rates dropping in recent weeks, some mortgage observers say...[Includes one data chart]
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