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Blog Entries by Kristine Yao

Condo and Co-Op Lending in an Upswing

Originations up 31 percent with California markets leading the growth

Kristine Yao    |    Mortgage Performance

Condominium and housing cooperative (co-op) mortgage originations nationwide rose 31 percent to $39 billion in the second quarter of 2015 compared with $29.7 billion in the same quarter of the previous year (Figure 1). The growth was driven mainly by a 65-percent increase in the dollar volume of refinance loans. However, purchase money and closed end/home equity line of credit (HELOC) loans...

FHA Refinance More Than Doubled in First Half of 2015

FHA-to-FHA refinances surpass FHA-to-conventional for the first time since October 2013

Kristine Yao    |    Mortgage Performance

FHA refinance originations in the first half of 2015 have more than doubled year-over-year. The dollar volume of loans rose sharply from $19.0 billion in the first half of 2014 to $51.8 billion in the first half of 2015, more than a 150 percent increase. In contrast, FHA purchase originations increased by less than 50 percent over the same period, from $51.6 billion to $75.1...