Top Lenders Report Refinance Surge in Originations in November, Applications and Home-Equity Declining
January 21, 2010
Top banks in the mortgage market reported a surge in new originations in November, spurred largely by increased refinance activity that offset a seasonal dropoff in home-purchase lending. Eleven of the top mortgage lenders that file monthly “intermediation” reports to the Treasury Department had a combined $86.07 billion in new mortgage... [Includes one chart]