Optimal Blue, Plano, Texas, released its Market Advantage Mortgage Data Report for May, finding, among other metrics, an almost 26% increase in rate-and-term refinances in May.
Tag: originations
ATTOM: Mortgage Lending Drops in Q1
ATTOM, Irvine, Calif., released its first-quarter U.S. Residential Property Mortgage Origination report, revealing that 1.28 million mortgages secured by residential property were issued in the quarter.
MBA: IMB Production Losses Reach Series High in 2023
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2023. This represents a series high in the 15-year history of the MBA Annual Mortgage Bankers Performance Report.
Optimal Blue: Homebuyer Credit Score Reaches High of 737
Optimal Blue, Plano, Texas, released its March 2024 Originations Market Monitor report, finding that the average homebuyer credit score–at 737–is the highest since the firm began tracking the data in 2018.
ICE Mortgage Monitor: 2023 Saw Three-Decade Low in Originations
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor report for March, featuring some full-year 2023 insights. Among those, the report recorded only 4.3 million mortgages as originated in 2023, the lowest since ICE began tracking the data 30 years ago.
TransUnion: Mortgage Originations Down Almost 37% in Third Quarter Amid Higher Credit Balances
TransUnion, Chicago, Ill., released its Q3 2023 Quarterly Credit Industry Insights Report, finding higher interest rates and prices for goods have pushed credit balances up. Simultaneously, mortgage originations–and other new credit accounts such as automobile loans–are lagging last year.
MBA: Commercial/Multifamily Borrowing Down 49% in Third Quarter
Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago, and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.