twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Origination Outlook Improves Again

Freddie estimates $0.430 trillion Q1 fundings

April 14, 2009

By staff

The latest projection for this year's residential production was a quarter-trillion dollars better than last month's forecast. ARM share, meantime, is expected to double by the end of the year.

First-quarter originations are estimated to come in at $0.430 trillion, according to Freddie Mac's April Economic and Housing Market Outlook released today. Forecasted fundings rose from an estimated $0.294 trillion in the fourth-quarter 2008 and are expected to continue rising through the third quarter -- when they are expected to reach $0.870 trillion.

For all of 2009, Freddie expects one- to four-unit financing to reach $2.650 trillion, up from an estimated $1.700 trillion last year. The latest forecast is a $250 billion improvement over March's forecast -- when Freddie boosted its estimate by $400 billion. During 2010, production is projected to decline to $2.175 trillion -- a slight improvement over the previous estimate.

Conventional production is expected to account for $0.330 trillion of first-quarter fundings and $0.603 trillion of second-quarter activity. Full-year conventional activity is predicted to come in a $2.170 trillion, up from an estimated $1.410 trillion in 2008. Last month, Freddie predicted 2009 conventional business would total $1.945 trillion.

FHA and VA volume is projected to increase to $0.100 trillion from the prior quarter's $0.084 trillion. Second-quarter government business is estimated at $0.128 trillion, and full-year 2009 government originations are expected to reach $0.480 trillion -- up from the prior projection of $0.455 trillion.

The refinance share of originations peaked at 78 percent in the first quarter, up from the fourth quarter's 58 percent and an expected 75 percent in the second quarter.

The 30-year fixed-rate mortgage is forecast to decrease from the first quarter's 5.1 percent to 4.9 percent during the current quarter. After that, the 30-year yield is expected to steadily climb to 5.5 percent by the middle of next year.

The one-year Treasury-indexed adjustable-rate mortgage was 4.9 percent in the first quarter, falling from 5.1 percent in the previous period. The 1-year is predicted to ease to 4.8 percent this quarter then edge up to 5.0 percent by the end of the year.

Freddie said the ARM share of business during the first quarter will remain unchanged from the fourth quarter's 3 percent but rise to 6 percent by the end of the year. By the second-second quarter 2010, ARM share is expected to reach 8 percent.

Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.

Refinance News | Refinance Share Statistics
News about refinancing programs, pricing and production. Stories about the H o m e
Affordable Refinance Program, H A R P 2.0 and other Making Home Affordable coverage.

FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders