Originations Fade in Major Product Types During Early 2013, But Jumbo Still Near Cyclical High
May 23, 2013
The two biggest components of the residential mortgage market conventional loans below the conforming loan limits and government-insured mortgages saw measurable declines in new originations in early 2013, according to a new Inside Mortgage Finance analysis and ranking. The conventional-conforming market nearly all of which is financed through Fannie Mae and Freddie Mac securitization fell to an estimated $333.0 billion during the first quarter of 2013. That was down 5.4 percent from the fourth quarter of last year, but the sector still accounted for a hefty 66.6 percent of total originations during the period. The conventional-conforming market share hasnt changed...[Includes two data charts]