Home >> News >> Data >> December Mortgage Originations Down 10.1% from September: LPS
Print This Post Print This Post

December Mortgage Originations Down 10.1% from September: LPS

Mortgage originations fell from a peak in September last year to hit 10.1 percent in December, according to Lender Processing Services.


Revealing the latest data in December Mortgage Monitor report, the company also said that loans originated over the last two years consistently showed high quality, which it attributes to tighter lending and underwriting guidelines.

LPS Applied Analytics said that risk attributes stayed near minimal levels, with credit quality for borrowers averaging 750 in 2011.

Prepayment activity likewise shot up and stayed strong amid historic lows for mortgage rates.

Refinance activity largely benefited from expansions to government refinance options, particularly with the GSEs, while private-sector refinancing activity hovered near or around the same level of activity seen over the past several years.

Origination activity clustered in non-judicial states more than judicial ones, with the difference somewhere between 0.5 percent and 1 percent on average.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

Check Also

Refinances Stable in First Reading of the New Year

Ellie Mae’s latest insight on origination reported there was a change in closing rates during January. Is this good news or bad news for buyers?


With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.