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Home » News » Non-Agency Mortgage Sector Fared Moderately Better in Early 2014; ARM Lending Holds Firm
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Non-Agency Mortgage Sector Fared Moderately Better in Early 2014; ARM Lending Holds Firm

May 29, 2014
All the major mortgage product categories saw declines in new originations during the first quarter, but the jumbo and home-equity sectors held up slightly better, according to a new ranking and analysis by Inside Mortgage Finance. The conventional-conforming sector took the biggest hit, as new production dropped 25.9 percent from the fourth quarter of 2013 to an estimated $123 billion in the first three months of this year. The vast majority of these loans still end up being financed by Fannie Mae and Freddie Mac, and the two government-sponsored enterprises continue to draw a lot of their business from the ebbing refinance market. Fannie and Freddie securitized...[Includes two data charts]
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