Tuesday, September 02, 2014 1:10:45 PM
Residential lenders funded roughly $59.0 billion in non-agency jumbo mortgages during the second quarter, a 34.1 percent gain from the prior period, according to figures compiled by Inside Mortgage Finance.
But halfway through the year, jumbo production was off by 25.9 percent compared with the first half of 2013. However, total mortgage production declined by even more, prompting a significant increase in the market share for jumbos.
Non-agency jumbos accounted for 19.4 percent of mortgages originated through the two quarters in 2014, up from a 14.4 percent market share for all of 2013 and nearly double the level of recent years.
The last time the jumbo share of total originations was close to its current level was in 2005 when fundings accounted for 18.3 percent of total production. (In that year, $570 billion in jumbos were funded.) For further analysis and exclusive jumbo origination rankings, see the new edition of Inside Nonconforming Markets.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM