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Volume 2017 - Number 34

September 7, 2017

Downloads Available: Agency First-Time Homebuyer Trends - 2014 - 6M2017

Downloads Available: Top Purchase and Refinance Lenders - 6M2017

Downloads Available: Top Lender Channel/Loan Purpose Detail - 6M2017


Purchase-Mortgage Lending Soared to Record Volume in 2Q17, But May Be Slowing Down

Mortgage lenders harvested a landmark crop of purchase-money mortgages during the second quarter, fueled partly by continuing growth in the first-time buyer segment, according to a new ranking and analysis by Inside Mortgage Finance. An estimated $307.0 billion of purchase loans were originated in the second quarter, up a stunning 49.8 percent from the first three months of the year. That was the highest quarterly volume for purchase-mortgage lending since the third quarter of 2006. Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle, the highest such share since at least 2003. First-time buyers contributed...[Includes three data tables]

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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