Mortgage originations down 35% in first quarter

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Top 10 CUs’ Loan Originations Fall in First Quarter. down 1.7% from 2018’s first quarter.. Mortgage Rate Declines Aren’t Boosting U.S. Housing.

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Lending, Staffing Down at Prosperity Home Mortgage. Q1 originations down 29% from prior period. april 11, 2017. By Mortgage Daily staff. Prosperity Home Mortgage LLC, one of the first companies to report first-quarter results, saw a significant decline in loan production and a drop in staffing.

Overall, lenders originated about $372 billion in first-lien mortgages in the first quarter – the lowest volume seen since the fourth quarter of 2014. Purchase originations fell 21% compared with the fourth quarter but were up 3.0% compared with the first quarter of 2016, according to the report.

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Finance of America Lending/Servicing/Staffing Down. Q1 mortgage originations down 37% from prior period. june 26, 2017. By Mortgage Daily staff. Quarterly mortgage originations were slower at Finance of america holdings llc. Also diminishing was the lender’s staffing and servicing portfolio.

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Despite the growth in originations, the amount of commercial and multifamily mortgage debt outstanding fell by $4.9 billion or 0.2% during the first quarter, according to the report. The Federal Housing Administration, Fannie Mae and Freddie Mac increased the amount of commercial mortgage debt they guaranteed by $3.7 billion, while banks and thrifts increased their holdings by around $3.1 billion.

In the Q1 2017, the first-lien mortgage originations fell 9.0 percent to $372 billion. This is the lowest since the fourth quarter of 2014. The low activity is led by refinancing lending, marking a 45 percent decline on a quarterly basis. It also decreased 20 percent from the same time last year. Refinance activities among borrowers with credit scores 740 and higher have also greatly decreased. Volume is down by 50 percent. Purchase loan originations declined by 21 percent on a quarter-over.

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Multifamily Loan Originations Down 42% in Second Quarter by REIT Wrecks on August 22, 2008 Commercial and multifamily mortgage loan originations continued to fall on a year-over-year basis in the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

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