A new report from ATTOM says that the number of mortgage originations
dropped sharply in the third quarter. The company says there were 3.59 million
residential mortgages originated during that period, a 3,2 percent increase
over the 3.48 million during the same quarter in 2020, but an 8.4 percent
decline from the 3.92 million originations in the second quarter of 2012, the largest
quarterly dip in more than a year.
The quarter-over-quarter slide followed another in Q2 and marked the first
time in more than two years that total lending decreased in two consecutive