Mortgage originations down 35% in first quarter

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The pattern for all credit unions was reflected in results for the top 10 credit unions, which early this month reported $25.9 billion in total loans originations during the three months that ended.

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About 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in the first quarter, down 5% compared with the fourth quarter and down 3% compared with the first quarter of 2017, according to the Q1 2018 U.S. Residential Property Loan Origination Report from ATTOM Data Solutions.

When buying a home, 78 percent of first-time homebuyers used a low down payment mortgage, while 22 percent used a high down payment mortgage in the third quarter ( fig. 11). 10. The number of first-time homebuyers increased across the down payment spectrum in the third quarter. Low down payment mortgages financed 467,000 home sales to

 · In fact, 68% of all applications were for purchases, rather than refinancing; in the fourth quarter of 2012 it was only 35%.

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"According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, there were only $344 billion in mortgage originations in the first quarter, down from $401 billion in the previous quarter," reported HousingWire.

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Fixed-rate first mortgages comprised 14.6% of the asset base for credit unions, a slight increase from the 14.4% posted in the first quarter but down from the 14.7% posted during second quarter 2011. Mortgage lending drove strong volume; however, consumer loan originations.

In the first quarter of this year, Wells’ originations were 65% purchase and 35% refi. In the third quarter, the refi share has fallen significantly to just 19% of Wells’ originations.

Pending home sales reverse course Signed contracts to buy existing homes have fallen to their lowest level in four years, according to the National Association of Realtors, further signalling a slowdown in the US housing market. The.

The Company experienced materially lower prime insurable mortgage originations in the quarter, 31% lower than the same period last year. While the decline is consistent with overall housing market softness in the quarter, it is

According to the March origination insight report from Ellie Mae [] , the leading cloud-based platform provider for the mortgage finance industry, the 30-year note rate dropped for the third.