IRVINE, CA—RealtyTrac has released its Q2 2015 U.S. Residential Loan Origination Report, which shows that 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22% from the previous quarter and up 23% from a year ago to the highest level since the third quarter of 2013.
The total dollar volume of loans originated in the second quarter was nearly $540 billion, up 14% from the previous quarter and up 29% from a year ago. Refinance originations represented nearly $307 billion in the second quarter, 56.7% of total loan origination dollar volume, and purchase loan originations represented nearly $234 billion, 43.3% of total origination dollar volume. As a share of total loan origination dollar volume, purchase originations reached a recent peak of 51.3% in the third quarter of 2014.
Of the more than 1.9 million loan originations in the second quarter, 737,824 were purchase loan originations, up 9% from a year ago. There were 1,212,443 refinance originations in the second quarter, an increase of 9% from the previous quarter and up 32% from a year ago.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
