According to data cited by The Wall Street Journal, refinancings accounted for 37 %
of mortgage origination volume in 2017, the lowest proportion since 1995 and roughly half the percentage that prevailed in 2012.
The Street has WFC up a whole 0.5 % on revenue this quarter and 4.3 % for the full year 2017, another act of selfless generosity based upon the bank's shaky state of governance and the sharp decline
in mortgage origination volumes.
WASHINGTON, DC (October 25, 2013)-- Commercial and multifamily
mortgage origination volumes during the third quarter of 2013 were 29 percent higher than during the third quarter of 2012 and originations were essentially flat compared to second quarter of 2013, according to the Mortgage
«While stronger home sales at the end of 2017 could still buoy mortgage growth in the second quarter, we anticipate
new mortgage origination volume could be tested in the back half of the year.»
In the first quarter of 2018, JPMorgan Chase saw a significant increase in its earnings from both the previous quarter and previous year — despite the drag from
its mortgage origination volume.
In 2017, 37 percent of
the mortgage origination volume was from refinancings, the smallest proportion since 1995, according to Inside Mortgage Finance, an industry research group.