The Final Origination Tally for 2022: $2.2 Trillion, Off 49%

Inside Mortgage Finance, Jan. 26, 2023–John Bancroft (subscription)
The mortgage lending business was wobbling badly as 2022 came to close. Unfortunately, the new year likely won’t bring immediate relief. Mortgage lenders generated an estimated $335 billion of new first-lien home loans in the fourth quarter of 2022. That was down 33.7% from the prior period and represented the slowest quarterly output in more than eight years.