Mortgage Originations Spurt to Three-Year High In Second Quarter; Some Report 50 Percent Jump
July 28, 2016
The mortgage-origination market roared to life during the second quarter of 2016 with an estimated $510 billion in new lending, according to an exclusive new Inside Mortgage Finance analysis and ranking. Nearly all lenders reported hefty increases in production – some 50 percent or more – compared to the first three months of the year. As a group, the top 25 lenders for the second quarter originated 31.7 percent more new loans than in the first three months of the year. The estimated $510 billion in originations during the most recent period was...[Includes two data tables]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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