Mortgage Originations Increase Sharply In 2Q09, But Second Half Outlook is Murky
July 30, 2009
Mortgage lending surged again in the second quarter of 2009, hitting its highest level in almost two years as a flood of refinance business churned through the agency securitization market. An estimated $550 billion of single-family mortgages were originated during the second quarter of 2009, an increase of 23.6 percent over the first three months of... [Includes two charts and one graph]