Thrift Mortgage Production Hit 8-Year Low In Late 2008, Retained Portfolio Shrinks
March 12, 2009
Thrifts originated just $53.51 billion in home mortgages during the fourth quarter of 2008, the industry’s lowest three-month production volume since midway through 2000, according to data recently released by the Office of Thrift Supervision. Thrift mortgage production dropped 20 percent in the final three months of the year, bringing total originations in 2008 to... [Includes two charts]