Mortgage originations down 35% in first quarter

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According to ATTOM Data Solutions’ Q2 2018 U.S. Residential Property Loan Origination Report, more than 1.5 million (1,527,433) loans secured by residential property (1 to 4 units) were originated in Q2 2018, down 16 percent from the previous quarter and down 27 percent from a year ago to the lowest level since Q1 2014, a more than four-year low.

Mortgage loan origination volume increased 17% to. segment increased 517% to $638.1 million in the first quarter of 2015 from $103.4 million in the first quarter of 2014, and increased 35% from.

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Commercial and multifamily mortgage originations in the U.S. increased 9% in the first quarter compared to the. June 19 that the Fed would start winding down its stimulus program in the fourth.

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FHA loan share decreases to more than six-year low. Residential loans backed by the federal housing administration (fha) accounted for 10.9 percent of all residential property loans originated in Q1 2018, down from 12.0 percent in the previous quarter and down from 13.3 percent a year ago to the lowest share since Q4 2011 – a more than six-year low.

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The 1.4 million loans is down 12% from the previous quarter and down 8% from a year ago.The year-over-year decrease in total originations was driven by a 20% year-over-year decrease in refinance originations even while purchase originations increased 3% from a year ago and Home Equity Line of Credit (HELOC) originations increased 10% from a.

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Mortgage origination is the procedure a lender uses to collect and process a mortgage application, including underwriting, funding and closing the loan.. A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there.

Despite the fact that mortgage interest rates routinely hovered around “historic” lows for much of the first quarter, loan originations fell to their. Cincinnati, Ohio (down 35%); Philadelphia,