Mortgage Originations Experience Biggest Annual Drop in 21 years

ATTOM Data says mortgage originations are experiencing their biggest annual drop in 21 years. The data comes from their third-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.97 million mortgages secured by residential property (1 to 4 units) were originated in Q3 2022 in the U.S. That figure was down 19% from Q2 2022 (the 6th quarterly decrease in a row)and down 47% from the Q3 2021 – the biggest annual drop in 21 years. Continue reading HERE...