Mortgage Originations Down 35% in First Quarter
The first-quarter drop is the worst experienced since the onset of the recession when mortgage originations plummeted 31.5%, according to a new research report from Federal Reserve Bank of Cleveland.
Palm Coast, FL – June 1, 2011
Mortgage originations in the first quarter fell 35% to $325 billion, breaking three consecutive periods of growth and threatening to plunge the market back to 2000 levels, according to a report from Inside Mortgage Finance.
Full Story >>>> HousingWire [May 31]
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