Last year was a record
setting one when it comes to mortgage origination according to Black Knight’s January
Mortgage Monitor. It puts the total volume of originations during 2020
at $4.3 trillion, the highest in the company’s records. Refinance originations,
to no one’s surprise were also at an all-time high of $2.8 trillion and $1.5
trillion in purchase loans was originated, the largest annual volume since
2005. The fourth quarter also made history with all-time single quarter highs
for purchase mortgages
at $346 billion and refinancing at $869 billion. In
total, $1.3 trillion worth of mortgages were originated during the quarter.

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.