Wednesday, February 17, 2021 1:37:04 PM
February 17, 2021 - Lisa Burden - jbancroft@imfpubs.com
Production was up in all the major mortgage food groups in the fourth quarter, but the conventional-conforming sector led the parade.
Home lenders of all different stripes funded a record $924 billion of conventional-conforming mortgages over the final three months of 2020, scoring a 12.4% increase during a time when total 1-4 family first-lien originations rose 9.6%.
Most of the conventional-conforming market ends up in Fannie Mae and Freddie Mac securities. By definition all such loans are eligible based on loan amount.
Quicken Loans was the top producer of conventional-conforming loans with an estimated $271.55 billion. That included a hefty 26.1% gain from the third to the fourth quarter. For full details and exclusive tables, see Inside Mortgage Finance, now available online.
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