Sunday, February 21, 2016

U.S. Residential Loan Originations Decrease 14 Percent in Fourth Quarter Driven by 24 Percent Drop in Purchase Loans, According to RealtyTrac

Daren Blomquist
IRVINE, Calif. –— RealtyTrac® (, the nation’s leading source for comprehensive housing data, released its Q4 2015 U.S. Residential Property Loan Origination Report, which shows 1.6 million (1,552,329) loans were originated on residential properties (1 to 4 units) in the fourth quarter of 2015, a 14 percent decrease from the previous quarter but still up 1 percent from a year ago.

The loan origination report is derived from publicly recorded mortgages and deeds of trust collected by RealtyTrac in more than 950 counties accounting for more than 80 percent of the U.S. population.

“The 24 percent drop in purchase originations in the fourth quarter of 2015 was well above the average 15 percent seasonal slump in the fourth quarter over the past 10 years,” said Daren Blomquist, vice president at RealtyTrac.

“New mortgage rules implemented at the beginning of October likely contributed to the decrease, but weakness in some local economies could also be contributing to the decrease, most notably in oil producing markets such as Houston and Oklahoma City, both of which saw purchase originations decrease by double-digit percentages both quarterly and annually.”

For a complete copy of the company’s news release, please contact:

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