The housing market is wrapping up a solid summer selling season, and despite some weakness it’s obvious the housing market has picked up. However, the origination element was somewhat tepid, but there’s room to grow. A lot of room.
Notably, there’s been a significant bump in real estate credit hiring that indicates increasing mortgage origination capacity.
Between March and June of 2015 there was a significant acceleration in real estate credit and mortgage brokerage employment figures as reported by the Department of Labor. Real credit employment increased about 4% in absolute terms or about 15% on annual basis.
But after the bump in applications in the spring and early summer months, both purchase and refinance applications softened. Continue reading the full article at housingwire.com