Originations
Mortgage rates are at historical lows. But Americans aren’t buying homes. Many current homeowners are unable to refinance existing mortgages because they owe more on the loan that the property is worth.
After peaking at $1.2 trillion in the third quarter of 2003, mortgage originations cratered to $297.16 billion in the third quarter of 2008, and have sputtered along the bottom since.
HWfocus Origination gathers perspectives from lenders, venders and servicers to see what lies ahead for home loan underwriting.
Read more of this article »
