Volume 2014 - Number 23
June 12, 2014
Downloads Available: Jumbo Mortgage Originations 2008 - 1Q14
Downloads Available: Top Conforming-Jumbo GSE Sellers - 1Q14
Downloads Available: Top Non-Agency Jumbo Mortgage Producers - 1Q14
‘Agency Jumbo’ Mortgage Originations Down Sharply in Early 2014, Further Declines Ahead
Production of “agency jumbo” mortgages fell sharply in the first quarter of 2014 and is likely to drop even more as new FHA loan limits show up in endorsement data. According to a new Inside Mortgage Finance analysis, Fannie Mae, Freddie Mac and the FHA saw $10.5 billion in single-family business with loan amounts exceeding the traditional agency limit of $417,000 during the first quarter of 2014. That was down 30.6 percent from the fourth quarter. It was also the lowest three-month volume since the fourth quarter of 2008, not long after dramatically higher “emergency” loan limits were put in place by the agencies. In comparison, originations of non-agency jumbo loans fell...[Includes three data charts]
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