twitter linkedin
facebook google+
Search:

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.

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

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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.


Freddie Slashes 3-Yr Mortgage Origination Outlook

Total cut by more than $200 billion

July 23, 2018

By Mortgage Daily staff



Between last year, this year and next year -- economists at the Federal Home Loan Mortgage Corp. have slashed their estimate of industry-wide originations by more than $200 billion.

From July 1 through Sept. 30 of this year, residential loan production by all primary U.S. home lenders is expected to amount to $464 billion.

The total, which includes loans to refinance an existing mortgage and loans to finance a home purchase, is then expected to sink to $384 billion in the fourth-quarter.

Freddie Mac, which reported the latest figures in its July 2018 Economic & Housing Market Forecast, cut the outlook from last month, when originations were expected to fall from $480 billion in the third quarter to just $400 billion during the final-three months of the year.

Based on refinance share, the secondary lender has the current quarter's refinance forecast at $125 billion. The fourth-quarter projection fell to $88 billion from $92 billion previously expected.

Purchase-money production is expected to drop from $339 billion in third quarter to $296 billion in the last quarter. The previous outlook had volume retreating from $355 billion to $308 billion.

For all of 2017, Freddie estimates there were $0.654 trillion in refinances and $1.164 trillion in purchase transactions for a total of $1.818 trillion. The forecast was lowered from the preceding month's $0.680 trillion in refinances and $1.208 trillion in purchase financing for overall originations of $1.888 trillion.

Total originations are predicted to rise from $1.686 trillion this year to $1.691 trillion in 2019. A month earlier, Freddie had production going from $1.750 trillion to $1.760 trillion next year.

Refinances are expected to tumble from $0.489 trillion in 2018 to $0.406 trillion next year. Last month Freddie estimated 2018 refinances at $0.508 trillion and next year's at $0.422 trillion. Refinance share is expected to thin from 29 percent this year to 24 percent in 2019.

Purchase-money production is forecasted to increase from $1.197 trillion this year to $1.285 trillion in 2019. The prior projection was for volume to rise from $1.243 trillion to $1.338 trillion.

Based on Freddie's government origination forecast, government share is expected to slightly widen from 23.6 percent last year to 23.8 percent in 2018 then slip to 23.5 percent a year later.


next story

back to current headlines



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.


Logout forgot
password?

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

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

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

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news