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Thrift Originations Drop

August 28th, 2009

The Office of Thrift Supervision reported that thrifts originated $62.4 billion in real estate financing during the 2nd quarter.  Mortgage loan production dropped from the first quarter’s $88.1 billion and tumbled from $107.5 billion in the 2nd quarter 2008. Most lenders have become more cautious as loan modification agreements and home foreclosures continue to rise.  Read the original article online at >Thrift Loan Originations Down

Foreclosure News, Subprime Mortgage News

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