Mortgage Lending In Q4 Hit Lowest Point Since 2014
Refinance mortgage originations hit low point this century.
Refinance mortgage originations hit low point this century.
Numbers still rising gradually since foreclosure moratorium ended in 2021.
Completed foreclosures see first year-over-year decrease.
Nearly half of mortgaged homes remain equity-rich, while level of seriously underwater mortgages remains unchanged.
Profits on typical sales increase between 45% and 51% nationwide.
Overall filings remain well below pre-pandemic levels.
The third quarter saw 92,422 single-family houses and condominiums in the United States flipped.
Total loans in the third quarter decreased 47% year-over-year — the largest annual drop in 21 years.