Originations See Largest YOY Decline In Two Decades

Originations See Largest YOY Decline In Two Decades

ByTMN Editor Reading Time: 2 minutes

Mortgage originations saw their largest annual decline in 21 years, further evidence that the housing boom is coming to an end. Originations fell 47% YOY in Q3, according to ATTOM Data’s Q3 2022 U.S. Residential Property Mortgage Origination Report. Quarter-over-quarter they were down 19%, the sixth consecutive drop. Lenders issued a total of $636.5 billion…

Movement And Homepoint Both Launch New HELOCs
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Movement And Homepoint Both Launch New HELOCs

ByTMN Editor Reading Time: 2 minutes

Both Movement Mortgage and Homepoint introduced new, speed-focused home equity products as homeowners continue to seek out ways to access cash without compromising their mortgage rates. Homepoint, a wholesale lender, launched a new, 100% digital HELOC in 38 states and Washington, D.C., available through its mortgage broker partners. The company said it will expand to…

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