GSEs Drive Huge Surge in Conventional Conforming Lending, Lift 2012 to Best Year Since Market Crash
February 28, 2013
Conventional conforming mortgage originations mostly financed by Fannie Mae and Freddie Mac accounted for a record 66.8 percent of total single-family lending last year, according to a new market analysis and ranking by Inside Mortgage Finance. Mortgage lenders originated a whopping $1.273 trillion in conventional conforming mortgages in 2012, the highest level since the all-time record of $2.460 trillion was set back in 2003. Volume in the sector started strong and kept building throughout the year, including a 19.1 percent jump from the third to the fourth quarter. For the year, conventional conforming originations were...[Includes two data charts]