Residential Mortgages Set High Mark for Q1 2012

NationalMortgageNews tells MHProNews.com $462 billion in residential mortgages were funded in Q1 2012, the highest volume since the fourth quarter of 2010. The numbers are based on secondary market loan purchases reported by Fannie Mae, Freddie Mac, and Ginnie Mae. For 2010 the industry funded $1.67 trillion in home loans, $22 trillion more than the $1.45 trillion in 2011. At the current rate the industry could expect to see $1.8 trillion this year, though most analysts and economists expect loans to decrease towards the year’s end.

(Image credit: MoneyControl)

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