Monday 29 July 2019

Despite housing market slowdown, mortgage lenders just had a great second quarter

The second quarter of the year saw $565 billion worth of mortgage loans as homeowners are increasingly eager to refinance thanks to falling rates. If the lending keeps up at this pace, it could mark just the third year since the recession where originations exceed $2 trillion, according to the Wall Street Journal, citing data from Inside Mortgage Finance. Large banks like JPMorgan, Wells Fargo and Citigroup all reported an increase in mortgage originations, and […]



source https://therealdeal.com/2019/07/29/despite-housing-market-slowdown-mortgage-lenders-just-had-a-great-second-quarter/

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