Mortgage Originations Tumble 22 Percent in Third Quarter Meltdown of Non-Conforming Loan Sector
October 25, 2007
Mortgage originations plummeted 21.9 percent in the third quarter of 2007, marking one of the biggest production downturns ever in the mortgage lending business. An estimated $570 billion of new home loans were originated during... [Includes two charts and two graphs]