Tag Archives: iEmergent

The report predicts the 2015 purchase volume will feature over 3.3 million loans totaling to $782.6 billion. The 2015 refinance volume range is between 1.41 million loans at the low end totaling to $305.9 billion to 1.77 million loans at the high end totaling to $384 billion. The 2015 expected low end for total mortgage value is 4.74 million loans for 1,088.5 billion. The high end is 5.1 million loans at $1,166.6 billion.

Mortgage lenders across the country have reported layoffs and substantial downsizing, a consequence of heightened regulatory scrutiny, weak job growth, and brittle markets slumbering in the wake of diminishing consumer confidence. Despite a small spurt in refinancing measures and a drop in lending rates to their lowest ebb since the turn of the century, origination loan volume remains low, and lenders are coming to terms with the fact that they will be financing fewer mortgages over a longer-than-expected period.