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| Daren Blomquist |
IRVINE, Calif. –— RealtyTrac®
(www.realtytrac.com), 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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