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

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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.

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.

Solid 2005 Originations Won't Hold in '06

Fannie Mae releases mortgage market report

December 22, 2005


photo of Coco Salazar

Mortgage debt grew at the fastest pace in a quarter century because of robust home equity lending and record home sales.

Single-family mortgage debt outstanding surged in the third quarter at a 15.9 percent compound annual rate, while in the second quarter it was 15.0 percent, according to Fannie Mae's latest Economic and Mortgage Market Developments report.

The combined 15 percent annualized growth rate in mortgage debt outstanding for the second and third quarter "was the fastest two-quarter increase since 1979," said David Berson, Fannie chief economist, in the report.

Berson attributed the rapid rise to record home sales and double-digit home price appreciation, as well as growth in home equity loans -- which respectively climbed 24.0 and 16.2 percent in the second and third quarters, although down from a year earlier when it was 36 percent. He also noted cashout-refinance activity continued to be strong.

The midyear increase lead Fannie to raise its estimate of single-family mortgage debt outstanding growth for 2005 to 12.9 percent, the report said.

The Office of Federal Housing and Enterprise Oversight recently reported 2004 residential mortgage debt outstanding grew by 13.4 percent to $8.7 trillion -- the highest annual growth rate in 18 years.

Home equity in owner-occupied housing reportedly rose to a record $10.3 trillion in the last three-month period.

Berson noted that Fannie raised its estimate of total originations for this year to $2.83 trillion -- the second best year.

For 2006, the economist sees the slowdown in home sales and home price appreciation dipping purchase originations to 1.45 trillion, and higher mortgage rates decreasing refinances to nearly $0.7 trillion -- reducing overall mortgage originations about 26 percent annually.

Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

e-mail: [email protected]

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