Purchase Originations, Refis in Freefall

June 5, 2017 Aly J. Yale

New data shows that mortgage originations are in freefall. While both purchase loan originations and refinances took a hit, refis saw the steepest drop, decreasing 34 percent over the first quarter of the year. Purchase originations dipped 21 percent over the same period. The average credit score of borrower is also on the decline, which could dampen the market if the trend keeps up.

The post Purchase Originations, Refis in Freefall appeared first on theMReport.com.

Previous Article
REO Association Names New Leaders
REO Association Names New Leaders

One of the industry’s biggest professional groups appointed new leaders this week. The Federation of REO Ce...

Next Article
The Week Ahead: Dodd-Frank House Vote
The Week Ahead: Dodd-Frank House Vote

The Dodd-Frank Act is being voted on by the House this upcoming Wednesday. In mid-April, Republicans propos...