Items Tagged with 'Mortgage Origination Volume'

ARTICLES

  • Mortgage rollercoaster: Originations rise to nearly 2-year high after falling to 4-year low

    New York Fed data shows originations bounced back big time in second quarter
    Things looked bleak for the mortgage business earlier this year, as data from the New York Fed showed that the first quarter of this year was the mortgage business’ worst quarter in four years, but maybe it’s not complete doom and gloom after all. In fact, new data from the New York Fed shows that the mortgage business rebounded big time in the second quarter, with originations rising to their highest level since the third quarter of 2017.
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  • Welp: Mortgage originations fall to four-year low in first quarter

    So, about that whole refi boom…
    Mortgage interest rates fell throughout the first quarter, eventually experiencing the largest single-week decline in 10 years. That decline led some to suggest that a boom in refinances could be on the horizon. And while that may yet happen, it hasn’t happened yet. In fact, the mortgage business just experienced its worst quarter in more than four years.
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  • Mixed mortgage news: Refis fall to four-year low, but purchases climb sharply

    Total originations actually rise 15% in second quarter
    The signs were all there. It was clear that refinance originations were trending down as interest rates rose, but it’s still striking to see the results in black and white. According to newly released data from ATTOM Data Solutions, refinance originations fell to a four-year low during the second quarter, thanks to increases in interest rates.
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  • Americans now have more debt than ever before

    Mortgage debt hits highest level in 9 years
    Thanks to increases in mortgage, auto loan, and credit card debt, Americans now have more debt than ever. In fact, mortgage debt now rests at $9 trillion. It’s the first time that mortgage debt has reached the $9 trillion threshold since the second quarter of 2009.
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  • Canary in the coal mine? Impac mortgage originations plummet in second quarter

    Originations fall 42% from last year thanks to rising rates
    Mortgage interest rates may have fallen ever so slightly in the last week, but on the whole, they’re on the way up and have been for quite some time. And the rising interest rate environment is hitting one lender quite hard. Impac Mortgage, which also operates CashCall Mortgage, revealed late Wednesday that its mortgage originations plummeted in the second quarter.
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  • Better Mortgage becomes billion-dollar originator

    Saw 400% year-over-year increase in users
    Online lender Better Mortgage, which launched in January 2016, recently surpassed $1 billion in mortgage originations. According to data provided by the company, Better Mortgage claims it was the third fastest online lender to reach $1 billion in originations, trailing only Goldman Sachs’ Marcus and SoFi.
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  • CoreLogic's preview of HMDA data shows how good 2016 was for mortgages

    Report shows double-digit increases in origination volume and dollar amount
    It probably won’t shock any readers of HousingWire that 2016 was a good year for mortgages. Driven by low interest rates, a wave of refinances pushed originations up to levels not seen in several years. But just how good was 2016? Here's a look at a new report from CoreLogic, which tracks very closely with the HMDA data that won't be released until sometime next month.
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  • Wells Fargo, Citi, Chase results show 2017 will be a down year for big bank mortgages

    A deep dive into the mortgage business at the big banks
    Market observers were already predicting that 2017 would be a rough year for mortgages, at least compared to 2016. So it shouldn't come as a surprise that when Wells Fargo, Citigroup, and JPMorgan Chase reported their financial results for the first half of the year mortgages were not a significant driver of revenue. But a deeper dive into the big banks’ results shows 2017 will not be kind to mortgages, for the big banks at least.
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  • Attom: Refinance originations fell to 10-year low in 1st quarter

    Overall origination volume by dollar amount drops to three-year low
    Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter refinance originations to the lowest level in 10 years, a new report from Attom Data Solutions shows. Here's a full breakdown of Q1's loan data.
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