Volume 2014 - Number 33
September 4, 2014
Downloads Available: Mortgage Originations by Product - 2Q14
Downloads Available: Top Conventional-Conforming and Government-Insured Producers - 2Q14
Conventional Market Grew Slightly Faster in 2Q14 Mortgage Origination Surge; Refinancing Sinks
Production of conventional mortgages – those eligible for sale to Fannie Mae and Freddie Mac as well as jumbo loans – grew at a faster rate than the government-insured market during the second quarter of 2014, according to a new Inside Mortgage Finance analysis. Origination of conventional-conforming mortgages increased by 24.4 percent from the first quarter, climbing to an estimated $153.0 billion. While that continued to account for the biggest chunk of new business – 52.1 percent – the biggest proportional increase in new lending came in the jumbo mortgage sector, where new originations jumped 34.1 percent during the second quarter. Production of government-insured mortgages, including FHA, VA and rural housing loans, increased...[Includes two data charts]
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