Skip to main content

Home Loan Originations Up in August

Phil Hall
Sep 13, 2018
A new study of aspiring Millennial homeowners finds a great desire by this youthful demographic to own property, if only they can overcome financial obstacles

More than 2 million residential mortgages were originated during the second quarter, according to new statistics from ATTOM Data Solutions. That is 15 percent more than during the first quarter and less than 1 percent more a year ago.
During the second quarter, 926,516 of the residential loans originated were purchase loans, up 39 percent from the previous quarter and up 1 percent from a year ago, and 799,093 of the residential loans originated were refinance loans, down less than 1 percent from the previous quarter and down 2 percent from a year ago to the lowest level since the first quarter of 2014, a nearly four-year low. Also, 361,845 Home Equity Lines of Credit (HELOCs) were originated on residential properties, up 4 percent from the previous quarter and up 2 percent from a year ago to the highest level since the third quarter of 2008, a nearly 10-year low.
“Rising mortgage rates are continuing to cool demand for refinance originations, which were down to their lowest level since 2014—the last time we saw more than six consecutive months with average 30-year fixed mortgage rates above 4 percent,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “Meanwhile buyers are upping the ante when it comes to down payments, evidenced by the record-high median down payment for homes purchased in the quarter, and an increasing number of buyers are getting help from co-buyers.”

Sep 13, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021