Thursday, July 28, 2016 2:04:11 PM
Huge Gains at Some Shops
By John Bancroft jbancroft@imfpubs.com
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 ranking from Inside Mortgage Finance.
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 the highest total since the second quarter of 2013. It still left year-to-date originations for the first six months of 2016 slightly below the level set in the first half of last year.
Fannie Mae and Freddie Mac securitized $218.3 billion
of single-family mortgages in the second quarter, a gain of 26.2 percent
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