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Home » Store » News » Thrifts Post Biggest Quarter Ever During 3Q02 As Mortgage Production Soars, Investment Climbs

Thrifts Post Biggest Quarter Ever During 3Q02 As Mortgage Production Soars, Investment Climbs

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Thrifts reported a sharp increase in mortgage funding during the third quarter, as the industry’s total originations climbed 32 percent from the previous period to a record $122.3 billion. Thrifts report “mortgage disbursement” on their quarterly financial reports, a figure that does not include loans purchased from correspondent lenders or funded by other originators. On a year-to-date basis, the industry produced $312.6
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