Mortgage Origination Volume Dropped Sharply In 3Q09, But 2009 May End on Rising Trend
October 29, 2009
Mortgage originations in the third quarter of 2009 declined by 25.5 percent from the boom level reached in the second quarter, according to a new Inside Mortgage Finance ranking and analysis. The huge surge in refinance activity that generated nearly $1 trillion in new mortgage originations during the first half of the year finally lost momentum in the third quarter, as new production fell to an...