Mortgage Originations Down Sharply in 3Q13 As Top Producers Continue to Lose Market Share
October 31, 2013
Mortgage originations in the third quarter of 2013 fell to their lowest level since the end of 2011, pulling down industry earnings and expectations for next year. According to a new Inside Mortgage Finance ranking and analysis, lenders generated an estimated $460.0 billion in new home loans during the third quarter. That was down 18.6 percent from the second quarter, when production had rallied slightly. Compared to the first nine months of 2012, origination volume this year was...[Includes two data charts]