According to Mortgage Daily’s Mortgage Origination Survey and an
analysis of earnings data at mortgage-related firms Residential loan
originations were down more than 14 percent in 2013.In the final three months
of 2013, almost all mortgage bankers saw a sharp drop in originations
One of the main reasons for the down turn is interest rates is because 30-year fixed rates increased from 3.666 percent at the end of 2012 to 4.808 percent by the end of last year, according to the Mortgage Market Index from Loan Sifter and Mortgage Daily.
Wells Fargo holds the No. 1 lender spot, closing 19 percent of all home loans last year.
The five-biggest mortgage lenders were collectively responsible for 43 percent of 2013’s activity.
Originations (billions)
Wells Fargo: $351
JPMorgan Chase & Co.: $168
Bank of America Corp.: $90
U.S. Bank Home Mortgage: $85
Quicken Loans Inc.: $79
One of the main reasons for the down turn is interest rates is because 30-year fixed rates increased from 3.666 percent at the end of 2012 to 4.808 percent by the end of last year, according to the Mortgage Market Index from Loan Sifter and Mortgage Daily.
Wells Fargo holds the No. 1 lender spot, closing 19 percent of all home loans last year.
The five-biggest mortgage lenders were collectively responsible for 43 percent of 2013’s activity.
Originations (billions)
Wells Fargo: $351
JPMorgan Chase & Co.: $168
Bank of America Corp.: $90
U.S. Bank Home Mortgage: $85
Quicken Loans Inc.: $79
Ainsley Daux
Florida Realty
813-546-1954
Brandon Real Estate
902 w Lumsden rd
Brandon, Fl .33511
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