Fannie Mae (FNMA)

[navycmdr]

Thanks to Plunging Interest Rates, Loan Production Hit a Three-Year High in 2Q16;
Huge Gains at Some Shops

By John Bancroft [e-mail]

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