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Volume 28 - Number 45

November 25, 2011

Downloads Available: Mortgage Originations by Product - 3Q11

Downloads Available: Top Conventional Conforming Producers & Top FHA/VA Producers in 2011 - 3Q11


Conventional Market Pulls Ahead in 3Q11 As Government Lending Misses Refi Boom

Most of the impressive increase in new mortgage originations during the third quarter was in conventional home loans, including the non-agency jumbo market, according to a new market analysis and ranking by Inside Mortgage Finance. An estimated $212 billion in conventional conforming loans were originated during the third quarter, a gain of 29.3 percent from the previous three-month period. That boosted the conventional conforming share of the market to 65.2 percent for the period, up from just 60.7 percent in the second quarter of 2011. The non-agency jumbo market was... (Includes two data charts)

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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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