Mortgage Originations Building Momentum in May As Most Major Lenders Report Increased Volume
July 16, 2009
Ten large financial institutions getting help from the federal government reported a total of $120.88 billion in mortgage originations during May, an increase of 6.7 percent from the previous month, according to data released this week. Eight of the 10 top firms reported increased mortgage lending volume during the month, with just U.S. Bank and PNC Financial...