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
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM