Sales of Higher-Priced Mortgages Increased in 2014
October 2, 2015
Sales of higher-priced mortgages – a proxy for nonprime loans – increased in 2014 compared with the previous year, according to an analysis by Inside Nonconforming Markets of data from the Home Mortgage Disclosure Act. Some $52.28 billion in higher-priced mortgages were sold in 2014, up 48.6 percent from the previous year. Sales to Ginnie Mae accounted for a large portion of the increase along with sales to other purchasers, including ... [Includes one data chart]